My newest Airbnb! The Johnsburg ESTATE

[Bailey Kramer]

Investment Info:

Single-family residence buy & hold investment in Johnsburg.

Purchase price: $779,000
Cash invested: $180,000

The Johnsburg Estate- Airbnb

The Johnsburg Estate is an Airbnb property that I bought in May 2021.

We bought this property using a strategy called "Seller Financing"

Here are the terms we negotiated:

Purchase Price: $779,000

Down Payment: 12.5%

Interest Rate: 3%

We raised $180,000 from investors for this project!

We spent a little less than 2 months renovating the property:

Brand new roof

Remodeled all of the bathrooms

Added a boat Pier

Repaved the driveway

Striped a basketball court

Painted the entire interior

Furnished the Property

& much more!

Our strategy has been to rent the property as a rental, on sites like Airbnb & VRBO.

The property can sleep up to 22 guests & is available to rent !

We charge around $1,399/night in the summer & $799/night in the winter.

Stay tuned for more updates on this property: We will be adding many more features and amenities as time goes on including a hot tub, a , kayaks, and much more!

How did you finance this deal?

Private investors! We raised $180,000 from private investors

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

Nope, off market deal!