Short Term Rental

[Jason Tarabokija]

Investment Info:

Single-family residence other investment in Montague.

Purchase price: $290,000
Cash invested: $108,000
Sale price: $400,000

Airbnb value add. Purchase price was $290,000 on an off market deal. $30,000 rehab with an ARV of $400,000. This unit operates as a short term rental in the popular Seaside Heights beach town. A classic Jersey Shore play!

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

I wanted to explore the short term rental field due to the high levels of return.

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

It was an off market wholesale deal with a lot of demand that I was able to secured by my network of influence.

How did you finance this deal?

Hard money bridge loan.

How did you add value to the deal?

Cosmetic rehab- floors, kitchen, paint, landscaping.

What was the outcome?

It is currently listed on Airbnb and VRBO.

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

NJ Elite Group