Higgins Lake Airbnb Property

[Eric Tuffendsam]

Investment Info:

Single-family residence buy & hold investment in Roscommon.

Purchase price: $30,000
Cash invested: $15,000

This is my first investment property. The value has increased by $50k in the last 2 years and even though we only rent it from May to Oct, it cash flows about $5,000 for the year. Plus, my family uses the house for vacations.

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

A great deal in a great location!

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

My dad sold it to me.

How did you finance this deal?

HELOC

Lessons learned? Challenges?

Airbnb can be more profitable and less work than traditional rentals, but location is what really matters.