Updated over 3 years ago on .
STR on MS Gulf Coast
Investment Info:
Single-family residence buy & hold investment in Ocean Springs.
Purchase price: $150,000
Cash invested: $20,000
Small, unique 1 bedroom/1 bathroom SFH. Bought as a long term rental and converted to STR about a year later.
https://airbnb.com/h/bayoubungalowosms
What made you interested in investing in this type of deal?
Wanted to just get started and was familiar with the area. I also really like that the house was very unique.
How did you find this deal and how did you negotiate it?
Found on the MLS and contacted listing agent. It was listed over a holiday weekend and I think a lot of buyers were unavailable.
How did you finance this deal?
Small local community bank
Lessons learned? Challenges?
I learned how to get financing for an investment property.
