Vacation Rental in the smokeys

[Lewis Anderson]

Investment Info:

Other buy & hold investment.

Purchase price: $280,000
Cash invested: $35,000

A short term rental for a tiny house in the great smoky mountains.

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

Love the mountain area and new it was great place for vacation as well as airbnb friendly.

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

worked with a real estate agent in the area

How did you finance this deal?

2nd home loan

How did you add value to the deal?

The HOA is working to add value to all of the properties by creating a man-made lake.

What was the outcome?

The property is now under Haven property management and now listed as an airbnb

https://stay.havenvacationrentals.com/listings/113415

Lessons learned? Challenges?

Choose your property managers wisely. I had to quit one of them.