Airbnb Quick Flip --- Formula For Large Returns!

[Jim Canull]

Investment Info:

Single-family residence other investment.

Purchase price: $120,000
Cash invested: $20,000
Sale price: $275,000

This is my new favorite concept... all-around the best return on investment for many reasons: Short time period, big returns, low cash involved, and the low-level of finish needed to make this a great rental! There's a certain design formula that gets guests to love the property and only post positive reviews.

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

I had a successful Airbnb and this one was in a great location; which is the primary criteria needed for an Airbnb

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

I saw this was an estate deal where the family members were ready to dump the property

How did you finance this deal?

Hard Money Investor

How did you add value to the deal?

fixed a visually large foundation problem for $10,000 that apparently everyone else was scared to tackle

What was the outcome?

Very little in for repairs overall and some decent money in decorating

Lessons learned? Challenges?

Due to the timing of the first booking I didn't have much time to do half of the finishes I wanted to do. I then did some quick touches and kept receiving 5 star review after 5 star review. So that taught me the level of finish needed for Airbnb's to make it a great investment. I was then able to sell the home high above the appraised value to a cash investor that enjoyed the $3,500 monthly income it produces. I recently bought another property to use the same concept!

[Jim Canull]

Yes, I personally bought all of the furnishings (or had some left over at home).... and felt the best value was having absolutely everything ready to go.  They even had around $5,000 worth of bookings already booked.  So I sold all of the furniture, sheets, plates, pans, etc.  I luckily got away with only 4 months of bookings, but let them know bookings only increase over time with people pre-booking their next trip to the area.