First short term rental investment

[Kris Moulaison]

Investment Info:

Other buy & hold investment.

Purchase price: $55,000
Cash invested: $50,000

Cabin on the river in a planned mountain community.

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

I wanted a fixer in this area to use as a vacation property for my family

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

Real estate listing

How did you finance this deal?

Hard money

Lessons learned? Challenges?

Every project takes longer and costs more money than planned.