First time investors for Gainesville Airbnb

[Amy L. Pagels]

Investment Info:

Single-family residence buy & hold investment.

3 bedroom/2 bath single family home that we are setting up to be a college town STR in Gainesville, FL.

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

High cash flow and having a place to stay at while visiting our daughter who is currently a freshman at University of Florida. This is a buy and hold investment that we hope is the start to a 10+ door STR portfolio in the SE.

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

We found this through a realtor and MLS

How did you finance this deal?

We used a conventional loan for a vacation home including a 2:1 buy down.

How did you add value to the deal?

Repaint and fully furnish

Lessons learned? Challenges?

Biggest challenge to date has been managing furnishing shipments to arrive during a one week window when I’m in town to furnish.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Nick Velez at The One Brokerage was an amazing partner as well as Cathy Lentz at Bosshardt Realty. Plan to work with both of them again on our second Gainesville property.