Four Plex with | 1 Airbnb Unit

[Zachary Kruse]

Investment Info:

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

Purchase price: $180,000
Cash invested: $43,000

We negotiated a four plex listed for $240k down to $180k, ended up putting 20% down and fixed up a bunch of smaller problems, are currently on our last inherited tenant but otherwise have been able to raise rent. We also decided to put the top unit on Airbnb and have made quite a bit more. We hope to maybe turn it into a boutique hotel in the future depending on how the Airbnb market trends.

[James Clifford]

Awesome success story thus far @Zachary Kruse. As you scale up your airbnb (short term rental) business, look into tools like beyondpricing.com for revenue management and guesty.com for calendar/guest management. These tools will help keep the higher touch required of STR's to a minimum for you. Thanks for sharing your story!