Vacation rental project

[Jon Cianci]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $260,000
Cash invested: $50,000

Vacation rental

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

Airbnb

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

Bank owned

How did you finance this deal?

Conventional

How did you add value to the deal?

Remodel

What was the outcome?

Used to generate 150k yr income

Lessons learned? Challenges?

Anaheim is a great location if you can get a short term rental permit