Stowe Ski STR

[Jason Baron]

Investment Info:

Condo buy & hold investment.

Purchase price: $399,000
Cash invested: $20,000

Stowe vacation short term rental with great location to the mountain and all the town has to offer.

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

We could always use this with a growing family to go skiing

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

My realtor Amanda Bell found this deal for me.

How did you finance this deal?

This was a commercial purchase so 20% down payment 20 yr term with a 5 year balloon.

How did you add value to the deal?

I added a new heat pump AC with two mini split systems.

What was the outcome?

Developing

Lessons learned? Challenges?

All STRs are not cash flowing currently

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

Realtor: Amanda Bell
Banker: Ian Carol