Bonney Lake STR

[Jonathan Avellaneda]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $625,000

This property is run as a large Short term rental attracting many group stays in the Bonney Lake, WA area.

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

Short Term rental hospitably. I come from the airline industry and understand travel.

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

MLS, realtor.

How did you finance this deal?

Conventional- House hack at first

How did you add value to the deal?

Run as STR with MIL

What was the outcome?

STR the entire house now

Lessons learned? Challenges?

So many! This was my first rental property of any kind and have had so many lessons from it. Learned systems to start to scale my business was the most important thing!

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

Yes! My realtor has been an amazing source for real estate!

Sherief Elbassuoni
Fathom Realty - Seattle WA

Mortgage Loan Officer NMLS# 2298046 at Nexa Mortgage NMLS# 1660690

[Sherief Elbassuoni]

@Jonathan Avellaneda, thanks a lot my friend.

It is always a pleasure to talk to you and work with you.

The two transactions were very smooth and fun!