Personal home to STR

[Kyle Branum]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $55,000

We purchased over first house just before we got married in 2006. We were kids (21 and 18) and didn’t want to rent. We bought a foreclosure and with lots of help from family and friends we completely gutted it and basically built a new house. Fast forward to now and we’ve moved out and have been operating it as a short-term rental since August 2022. We’re generally the first search result on Airbnb in our small city. The house is paid off and is worth $250k-$270k and I’m now trying to figure out the best move to make with the equity.