Updated over 2 years ago on . Most recent reply
our beach house investment # 1
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $295,000
Cash invested: $125,000
our first beach house we purchased, a great short term rental !
What made you interested in investing in this type of deal?
found during covid, were from michigan so the warm climate and amenities attracted us to the area
How did you find this deal and how did you negotiate it?
a local realtor referred to by my realtor in michigan
How did you finance this deal?
portfolio refi and cash
How did you add value to the deal?
we put our flavor on the decorations and paint.
What was the outcome?
a turn key STR with great reviews and income
Lessons learned? Challenges?
dont rent golf carts as people will not take care of them like you will : )
