Park City Ski in/out Westgate STR

[Steele Dewald]

Investment Info:

Condo buy & hold investment.

Purchase price: $1,025,000
Cash invested: $136,000

We purchased this unit off-market for 20% below market value. I had been talking to the seller for 5 months trying to get him to sell and he eventually felt as though it was time. The seller ended up investing in the deal. We are doing a 140k remodel and will be renting it for the foreseeable future. Investor returns will be between 6-8% in year one.

[Nissa Otero]

I would love to know how this is doing as well, I've been looking in the area. Are you able to self manage and not pay mgmt fees to the resort? Thanks!