Early Airbnb investor

[Craig Baute]

Investment Info:

Single-family residence buy & hold investment in Denver.

Purchase price: $120,000
Cash invested: $23,000

This is a studio condo that I lived in for three years before purchasing it from the owner. I did Airbnb, starting in 2012, it while I lived there and I eventually purchased it to turn it into a full time Airbnb unit. Two years after that I turned it into a 30 day+ Airbnb unit and I get nearly 75% more than a long-term rental and it only flips 5 times a year.

How did you finance this deal?

Traditional Mortgage

How did you add value to the deal?

I added original art, designer furniture, and some nice sheets and stuff.