I Bought Abandoned Apartments For $50K – And Turned Them Into $220K/Year Short-Term Rentals

Sara McDaniel, a real estate investor and content creator, purchased an abandoned property with eight apartments in Minden, Louisiana in 2021. She paid about $50,000 for the property and spent about $730,000 on renovations. Today, the apartments are short-term rentals known as "The Villas at Spanish Court," bringing in around $220,000 in 2024. Unlocked is a home tour series focused on how much people across the globe spend on their housing, what they get for the money and what they had to sacrifice to make it happen. Check out Sara's website: https://mindenstays.com/ Produced by: Tasia Jensen Senior Managing Producer: Eric M. Clark Camera: Rob Senska Editor: Marisa Forziati Animator: Christina Locopo Additional Footage: Sara McDaniel, Treat Miller Subscribe to CNBC Make It.: http://cnb.cx/2kxl2rf About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money. Want to earn some extra money on the side? Take CNBC’s new online course How to Start a Side Hustle to learn tips to get started and strategies for success from top side hustle experts. Pre-register now and use coupon code EARLYBIRD for an introductory discount of 30% off $97 (+taxes and fees) through April 1, 2025: https://cnb.cx/3QtWopy Connect with CNBC Make It. Online Get the latest updates: https://www.cnbc.com/make-it Find CNBC Make It. on Facebook: https://cnb.cx/LikeCNBCMakeIt Find CNBC Make It. on Twitter: https://cnb.cx/FollowCNBCMakeIt Find CNBC Make It. on Instagram: https://bit.ly/InstagramCNBCMakeIt #CNBC #CNBCMakeIt #Unlocked I Bought Abandoned Apartments For $50K – And Turned Them Into $220K/Year Short-Term Rentals