Hidden Gems and Creative Financing

[Earl Co]

Investment Info:

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

Purchase price: $233,000
Cash invested: $50,000

Legally 2-family, functionally 4-family, turn-key property furnished and converted into 4 Airbnb listings with 95% occupancy month over month.

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

It was actually way over our budget but the numbers worked out and the quality of the property was beyond other properties we've seen, while being in a great location particularly for Airbnb

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

My real estate agent found it as it was his brother's listing (also an agent)

How did you finance this deal?

Equity partners

How did you add value to the deal?

Furnished and converted to Airbnb

What was the outcome?

Running successfully with 95% occupancy