First Short term rental

[Philip Olivier]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $278,000

Short term rental. Rents on Airbnb

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

High cash flow

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

Realtor.com

How did you finance this deal?

Lhsaa conventional

How did you add value to the deal?

Fully furnished two units

What was the outcome?

Positive cash flow $3,000/ mo.

Lessons learned? Challenges?

Furniture is expensive

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

Kay Randels, Latter & Blum