Investment in South Lake Tahoe

[Lisa McClease-Kelly]

Investment Info:

Single-family residence buy & hold investment in South Lake Tahoe.

Purchase price: $325,000
Cash invested: $180,000

This was an emotional buy. I inherited money from my mother and I love my little house. We had it on AirBnb, but it is off the market right now. We paid it off in August.

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

Always wanted a home in Tahoe and I new we could AirBnB it.

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

MLS

How did you finance this deal?

Traditional mortgage with a large down

What was the outcome?

We ended up remodeling the bathroom, putting in new carpet, panting, new deck, new stove and decorating. It does pretty well as a short term rental (outside of Covid)

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

Yes. A real Estate Agent I found on Dave Ramsey website.