Mountain Real Estate

[Robert Parks]

Investment Info:

Single-family residence buy & hold investment in Murphy.

Purchase price: $35,000
Cash invested: $79,000

Small cabin in the mountains of North Carolina, bought as a family vacation. Now it has been converted into an Airbnb

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

It's in the mountains, which is personally appealing. I can go visit when its not booked

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

I had a local agent search for me and gave them a price and didn't backdown

How did you finance this deal?

Cash and small refinance loan

How did you add value to the deal?

bought the land and built and designed the cabin

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

I worked with Joy at Vista Realty on this deal and 3 others in the area