STR Smoky Mountains

[Brittany Stradling]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $425,000
Cash invested: $23,000

1 bedroom short term rental in the smokies

[Mack Lengel]

Quote from @Brittany Stradling:

Quote from @Mack Lengel:

Congrats on getting into the STR game in the Smokies!

Would love to learn more about your deal. Does your cash invested include your downpayment?

Thanks! I am excited! I am a veteran, so I have access to a lot of favorable loan products. I used a 5% down, no PMI vacation home loan from Navy federal. I also asked the seller to cover most of the closing costs. I end up having less cash flow since its only 5% down, but I just wanted to get started and have some skin in the game

 That is great! Thank you for your service. 

I bank with NF and did not even know they have a 5% no PMI vacation loan, very cool!