All Forum Posts by: David Dery

Thanks for all the responses everyone.  Good stuff.  For the most part we have stocked fairly well, and even already have most of the items mentioned.  It's when you start to get to some of those oddly used small appliances that I really started to wonder (blender/mixer come to mind).

But based on the feedback, I jumped on a few sites last night and ordered a few more accessories to round out the place.

Thanks again everyone!  Dave.

Thanks Doug.  The definitely helps. 

My wife and I have a unit that we are finalizing renovations and furnishing as an AirBnb property.  We have already listed it to be available mid-June and already have several bookings (which is very exciting).

But the question is, how much "stuff" do I need to put in the kitchen?  Obviously I need the basics, dishes, flatware, some cookware, etc.  But what about a blender? Mixer?  Those items that you do use at home often, but not necessarily in a vacation setting.  Obviously you could go crazy and add all the George Foreman grills you want, but just wondering where to draw the line.

Thanks!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $55,000
Cash invested: $13,000

As our first investment as real estate investors, my wife and I wanted to stay with something that was financially comfortable that also didn't require a major overhaul. While needing some love in the kitchen (new countertops, backsplash, appliances) most of the work we are comfortable doing ourselves.

Our overall goal is to buy/hold and use this exclusively as an AirBnb property. If it doesn't pan out, we'll look for a traditional renter and still make decent money on the unit.

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

Cash flow, replacing our traditional jobs;income.

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

We had been researching the area for quite some time and was very near purchasing a different property when this one popped up on Zillow for $20k less, so we jumped on it.

How did you finance this deal?

15% down, commercial loan with a local lender.

How did you add value to the deal?

Upgrades throughout . . . light fixtures, ceiling fans, appliances, countertops, paint (everywhere), faucets and fixtures . . .

What was the outcome?

TBD