2min chapter

Patryk Real Estate Show - Short Term Rentals cover image

7: Producer Overcomes Cancer and Buys 20 Units in 2 Years

Patryk Real Estate Show - Short Term Rentals

CHAPTER

The Five Cabins Project

Right now we're at 20 doors. We have 11 short term rentals and nine long term rentals of the 11, six of them were renovating. But then in June of this year, I purchased I found and purchased five cabins on seven acres of land. It's almost going to become like an adult camp. So you could either rent out all the units at once and have a big reunion or your friends and family or whatever,. And then while you're there you might meet some cool people and have a good time anyways.

00:00
Speaker 2
So, so how many runs does he have right now? I feel like there's one more big purchase that you had, right? And which can you talk about the five cabins?
Speaker 1
Yeah, so right now we're at 20 doors. We have 11 short term rentals and nine long term rentals of the 11, six of them were renovating. But one of those six was a cabin that was already on one of my properties. So it had a long term tenant in it. They moved out. We're renovating that. Good news is there's no holding costs because it's already operating with the cabin that's being rented out on on as a short term rental already so it's amazing. That one we should be done. Hopefully by the beginning of next year. But then in June of this year, I purchased I found and purchased five cabins on seven acres
Speaker 2
of land. This is a trend here cabins. Yeah, he really
Speaker 1
likes the cabins. I do like the cabins and these cabins were, I went to several contractors and a couple contractors that were pretty hot in the remodel circle in the Smokies. And I actually said don't buy this. It's too much, but I kept grinding and looking to see how I can make this work. And they all needed to be gutted and I knew that. And so I was going into it knowing how much work needed to be done. But I also saw the vision of what it will be. It's seven acres land it has its own pond. It has a gazebo out front where there's fire pit. And there's a shed that's on it like a huge shed that we're turning into a game room. And then we're going to create all this community space and it's almost going to become like an adult camp. So you could either rent out all the units at once and have a big reunion or your friends and family or whatever, or they just rent individually. And then while you're there you might meet some cool people and have a good time anyways. So that's our end vision for it. We're definitely in the thick of it right now, but we're pretty excited to get that one finished and up
Speaker 2
and running.

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