Short Term Rental in Downtown San Antonio

[Caleb Macias]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $145,000
Cash invested: $15,000

3/2 home in the downtown area of San Antonio. Perfectly appropriated for an airbnb. Under 1200 square feet but plenty of space for 8-10 people on a trip.

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

Traveling around the globe. Owning an airbnb sounded really fun and the numbers seemed to make a lot of sense!

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

Found it on the MLS. Neighborhood was in very early stages of growth. Offered just under asking price and they accepted.

How did you finance this deal?

Conventional loan with myself and my dad's name on the note.

How did you add value to the deal?

This house was move in ready. We painted the whole house, trimmed a ton of tree off the house, Power washed whole house, replaced all fixtures and tuned up AC.

What was the outcome?

Immediate cashflow 1 month of prep. Haven't looked back.

Lessons learned? Challenges?

Look in areas that may still be undervalued but still close in proximity to where you need to be. Don't bite off more than you can chew for your first deal!

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

Not for this deal.