A Dream Come True: Our Journey to Owning Our Dream Lake House

[Alyson Anderson]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $440,000

It was a surreal moment. Our dream lake house in the NH Lakes Region was now ours. Standing on the porch, overlooking Locke Lake, it felt like a dream come true. The renovated house had an open-concept living space filled with natural light. Every detail made it a cozy retreat. Our dream had evolved into a cherished destination for travelers seeking solace and adventure.

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

I've always had a passion for real estate and the idea of creating unique experiences for people. When I came across this beautiful waterfront home in the NH Lakes Region, I saw the potential to turn it into something special. The combination of a fully furnished house, stunning location, and access to recreational amenities made it the perfect investment opportunity. Plus, the idea of sharing this dreamy lake house with others and making their vacations unforgettable was incredibly appealing to

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

Finding this deal was a stroke of luck, to be honest. I was actively searching for properties in the NH Lakes Region when I stumbled upon a listing for this waterfront home. It immediately caught my attention, and I knew I had to jump on it. As for negotiations, I worked closely with the seller and my real estate agent to come to a fair agreement. We discussed the terms, made some counteroffers, and ultimately reached a deal that worked for both parties. It was a collaborative process, and I'm g

How did you finance this deal?

I decided to finance this deal through PenFed Credit Union. They offered competitive rates and flexible financing options that aligned with my needs. With their support, I was able to secure the necessary funds to make my dream of owning this lake house a reality. PenFed Credit Union made the financing process smooth and straightforward, and I'm grateful for their assistance in making this investment possible.

How did you add value to the deal?

I added value to the deal by hiring StaySpace, a trusted short-term rental property management company. Their expertise and dedication in providing a "5-star" rental experience aligned perfectly with my goals. With their help, I was able to convert my investment property into a world-class short-term rental, ensuring that guests receive exceptional service and satisfaction. By entrusting StaySpace with managing the property, I gained more time for myself, maximized profits, and had peace of mind

What was the outcome?

The outcome was incredible. Our dream lake house turned Airbnb exceeded all expectations. Guests fell in love with the property and left glowing reviews, praising the beautiful location, thoughtful amenities, and exceptional service provided by StaySpace. The positive feedback translated into high occupancy rates and repeat bookings, maximizing our profits. Not only did we successfully share our dream with others, but we also achieved financial success and fulfillment. It was truly a win-win out

Lessons learned? Challenges?

I realized the benefits of entrusting property management to experts who specialize in short-term rentals. They handled the day-to-day operations allowing me to focus on other aspects of my life and investments. Overall, the experience taught me the importance of finding reliable partners and leveraging their expertise to overcome challenges. It provided me with a valuable lesson in effective delegation and the benefits it can bring to both property management and my own personal responsibilitie