My Beach Cottage in Ormond Beach, Florida
Investment Info:
Single-family residence buy & hold investment in Ormond Beach.
Purchase price: $259,000
Cash invested: $115,000
Short term rental on airbnb
What made you interested in investing in this type of deal?
I love Ormond Beach and have lots of friends there. So I can use it once in a while and rent it out the rest of the time.
How did you find this deal and how did you negotiate it?
My Realtor, Faith Strasser Wilson found it for me.
How did you finance this deal?
I put down 20% and financed the balance. Paid for renovation with $65k in cash.
Lessons learned? Challenges?
Do your due diligence before hiring a property manager.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes, Realtor Faith Strasser Wilson from Ormond Beach, Florida.
