cash flowing aribnb

[Jenny Lynn Perron]

Investment Info:

Other buy & hold investment.

Purchase price: $100,000
Cash invested: $130,000

Small cabin on 5 acres of land with the barn and still covered bridge we remodeled the property added septic tanks gravel landscaping redid the entire cabin and now we are cash flowing very strong and heavy on this property

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

Wanted a property that we could visit as a family and build on eventually and still cash flow in the meantime

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

It was already under contract but I kept on good terms with the listing agent and when they had issues with the buyers I got to come in and take over

How did you finance this deal?

15% down from a local bank

How did you add value to the deal?

We rebuilt the cabin added landscaping and a barn into septic tanks

What was the outcome?

We are cash flowing

Lessons learned? Challenges?

There are obviously no past records on Airbnb is when you buy them you just have to be a local agent and no the area so we couldn't go off of past to you 12s or previous numbers which is a challenge for most Airbnb is and why most people don't buy them if they don't have a history

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

me