Short Term Rental Opportunity

[Connie West]

Investment Info:

other investment in Morristown.

Purchase price: $25,000
Cash invested: $25,000

Short term seasonal rental

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

Cash flow diary podcast.

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

Education then using existing assets.

How did you finance this deal?

Self directed IRA.

How did you add value to the deal?

Service and value.

What was the outcome?

Solid bookings during the season.

Lessons learned? Challenges?

Put systems in place and have extra supplies stocked.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No