Blue Mountain Vacation Home

[Mark Shay]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $350,000
Cash invested: $500,000

Purchased 47 acres of vacant land near the Blue Mountain Ski Resort. Since added a home, a campsite (listed on HipCamp.com) and lots of trails for our vacation rental guests.

What made you interested in investing in this type of deal?

The area around the ski resort is very under developed.

How did you find this deal and how did you negotiate it?

Used a local realtor

How did you finance this deal?

Cash

How did you add value to the deal?

Had a manufactured home added, developed the grounds

What was the outcome?

https://www.vrbo.com/1762782

Lessons learned? Challenges?

Running a vacation home rental property is like running a micro-hotel