Vacation Rental Investment

[Kevin Merlander]

Investment Info:

Single-family residence buy & hold investment in Kings Beach.

Purchase price: $175,000

Vacation Rental in Lake Tahoe, Ca.

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

I get to use it, and cash flow more than I would with a traditional renter.

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

MLS, yes I negotiated and bought it over 30K less than the asking price.

How did you finance this deal?

Conventional loan with a bank.

How did you add value to the deal?

I did light repairs, added a fireplace and furnished with high end furniture.

What was the outcome?

A cash flowing Airbnb!