Bought a Functioning Airbnb

[Trinity Carrick]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $245,000
Cash invested: $50,000

This is an Airbnb. The sellers already had it as an Airbnb and we are taking it over, fully furnished.

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

This was an off-market deal. The sellers would only sell to someone who wanted to keep it an Airbnb, which is what I wanted.

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

My realtor I found in San Antonio is also the seller, so it was a win win for everyone.

How did you finance this deal?

We financed by using a cash-out refinance we had completed last year to have money for investment property.