Ski, Hike, Mountain Bike retreat in Angel Fire, NM

[Rick Reeder]

Investment Info:

Single-family residence buy & hold investment in Angel Fire.

Purchase price: $640,000
Cash invested: $40,000

STR in Angel Fire, NM. For personal use mainly in summer with STR the rest of the year.

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

My second STR purchase with a partner with a goal of using the property a little bit during the year, but also have renters.

How did you add value to the deal?

Paint, some flooring, etc., but most investment was in updating furniture, appliances, etc. for guests.

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

Great agent in Angel Fire. Wouldn't recommend our lender or title company.

[Kyle Gerber]

Hey Rick, 

How have you done with STR since purchasing your property? What have your vacancy rates looked like?