First STR in the North Carolina Smokies!

[Nicholas Knaebel]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $380,000
Cash invested: $115,000

My first property up and running! Check it out at 3R Retreats on FB or 3R-Retreats on the web. Bought it site unseen, but after so much research, a shot of courage, and the help for BP and the STS, here we are!

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

The opportunity for greater cash flow in a buy hold.

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

I used the Shirt Term Shop.

How did you finance this deal?

Through a HELOC on my primary.

What was the outcome?

It’s up and running. I will update when more time has passed.

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

I used Jay Lawrence with the STS. He was great.