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 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 inter

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!