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Updated over 5 years ago on . Most recent reply
Fantasy Castle Airbnb Retreat
Investment Info:
Single-family residence private money loan investment in Raleigh.
Purchase price: $185,000
Cash invested: $315,000
Building a fantasy themed “castle” retreat Airbnb! Designed it myself, going into a hillside, on 4 acres with a creek, amazing project and I’m very excited.
What made you interested in investing in this type of deal?
Dream project, I’m a nerd
How did you find this deal and how did you negotiate it?
Tried trading my house for a cool piece of property, eventually came to a deal and was able to raise money behind the concept
How did you finance this deal?
Local Bank!
How did you add value to the deal?
Imagination
What was the outcome?
In progress... finger crossed!
Lessons learned? Challenges?
Things are easier when you have help
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Aspire Homes, NC
Most Popular Reply
Hey Zach! Your Fantasy Castle sounds very promising, I can't wait to see the full build out and listing on BP/AirBnB.