Ludlow, VT STR

[Eric Forsberg]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $210,000
Cash invested: $300,000

1970s ski chalet located on a ski mountain. Bought this home for our family to enjoy and as STR. Minimal updates until we bought it. Fully renovated, top to bottom. Appraised at $860k.

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

Friends have had great experiences with STRs

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

Friends in the area

How did you finance this deal?

HELOC

What was the outcome?

Love this house and it’s more appraised for $860k