Potential AirBnb Cabin

[Wala Habiby]

Investment Info:

Single-family residence fix & flip investment in Pigeon Forge.

Purchase price: $85,000
Cash invested: $15,000
Sale price: $140,000

Bought a cabin that has been abandoned for over 10 years and needed everything. After putting bunch of money in it and fixing the major issues, I just sold it as it was hard to manage from afar! Great returns to me but it will also make a great Airbnb for the buyer.

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

Wanting to invest in short term rentals.

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

From a wholesaler

How did you finance this deal?

All cash

How did you add value to the deal?

Fixed all the major issues with the property

What was the outcome?

Sold it, 40% profit.

Lessons learned? Challenges?

Its hard to work on project that are physically far from my location.

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

Wala Habiby with The Wala Group !