3328 Indian Trail Rd

[Robert Brant]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $290,000
Cash invested: $86,000

Single Family 3/2/2, 1152 sqft, used as an Airbnb. Purchased is it December of 2022 and went live on Airbnb and VRBO February 15. Monthly cashflow is the average for March, April, and up to current date not including 3 more reservations for May.

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

Joint Venture with children

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

Realtor (Mike Price). Offered full price with seller contributions of $5000.

How did you finance this deal?

Conventional

How did you add value to the deal?

Painted and furnished.

What was the outcome?

Only been on Airbnb and VRBO for 2 1/2 months and already averaging over $3900/month.

Lessons learned? Challenges?

Future efforts will rely on furnishing with items from Facebook Marketplace as well as limiting our budget for furnishing. We went a little overboard.

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

Mike Price