Cash flowing Airbnb

[Jenny Lynn Perron]

Investment Info:

Other commercial investment investment.

Purchase price: $300,000
Cash invested: $80,000

Let me paint a picture for you of this amazing cabin we've got in the Red River Gorge. Picture this: a cozy little hideaway tucked into the hills, surrounded by nothing but nature's beauty. The moment you step inside, you're greeted by these massive windows that practically invite the outside in. And let me tell you, the view? It's like something out of a dream.

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

Red river bored brings in over 600,000 people a year for hiking camping and climbing and they are getting ready to build more out in this area and we are average around 300 a night

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

I'm a real estate broker that focuses on investment properties so I'm always cold calling a networking

How did you finance this deal?

I got 15% down from a credit union and then I bought all the furniture

How did you add value to the deal?

After remodeling the property and adding a better property management team we are upscale to almost 300 tonight

What was the outcome?

We are making thousands a month

Lessons learned? Challenges?

I first went to the wrong lender in the beginning and it caused a lot of stress

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

I am the broker representing myself