Nature Hotel and Short Term Rental Site

[Garrett Brown]

Investment Info:

Other commercial investment investment.

Purchase price: $550,000
Cash invested: $200,000

This is my luxury glamping site near Houston, Texas called Cameron Ranch Glamping. We currently have 3 unique structures and are building more on our 11 acres of land.

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

I have always wanted to build unique structures using my creativity while also gaining cash flow using my hotel management background. The perfect mix was luxury glamping that I could invest in for short term rental use.

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

I found the land and main house on the MLS. I am an agent so it was simple to negotiate after being on the market for a while. We knew the land and area were the valuable part when planning on building our cabins for short term rental. These would increase our equity and business value tremendously

How did you finance this deal?

Conventional financing and cash to build our first unit

How did you add value to the deal?

We have added more utilities to the land, build cabins, and will continue to add more value with new cabins.

What was the outcome?

We are holding and will continue to operate this for years to come.

Lessons learned? Challenges?

Save as much as cash as you can because building the units up front is alot of cash flow going out. Get your permitting department on board first as well in your county.

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

Just DM Me and we can talk more! :)

[Rene Hosman]

Thanks for sharing Garrett!! I'm so curious where you got the glass cabin from? Looking to do something similar out in CO in the next few years!

[Paul Lagno]

This is absolutely beautiful, thanks for sharing Garrett. 

[Garrett Brown]

Quote from @Rene Hosman:

Thanks for sharing Garrett!! I'm so curious where you got the glass cabin from? Looking to do something similar out in CO in the next few years!

It is a company from Estonia (now in the USA though) called OOD Mirror Houses!

[Garrett Brown]

Quote from @Paul Lagno:

This is absolutely beautiful, thanks for sharing Garrett. 

 Thank you so much Paul!

[Scott Trench]

Awesome, Garrett! Thanks for sharing this. 

[Joe S.]

What kind of money do you have invested in that mirror house?

[Garrett Brown]

Quote from @Joe S.:

What kind of money do you have invested in that mirror house?

 The house runs around $129,000 and infrastructure was around $50,000. It crushes though with a 85-90% occupancy with an ADR of $378. Expenses are extremely cheap for it as well compared to my other units. 

[Dina Nicasio]

Congratulations on your investment, Garrett. This is beautiful!