Cutie AirBnB STR cabin

[Melissa Palmer]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $280,000
Cash invested: $34,000

Cutie AirBnB STR cabin

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

Wanted an investment I could also enjoy, unlike my LTRs.

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

Cash deal - not much negotiation in the times of multiple over-asking prices during COVID.

How did you finance this deal?

Cash

How did you add value to the deal?

Reno'd the kitchen and changed bathroom fixtures

What was the outcome?

Sweet lil cabin that I get to enjoy.

Lessons learned? Challenges?

I was Dave Ramsey mindset focused on owning my place outright failing to understand cash buyers shouldn't be competing on the MLS with regular loans. I could have leveraged that cash differently, but we all have our mountain to climb.