Updated 15 days ago on . Most recent reply
My STR, not for sale.... yet :)
Investment Info:
Townhouse buy & hold investment.
Purchase price: $370,000
Cash invested: $130,000
https://www.airbnb.com/hosting/listings/editor/1446009635018294571/view-your-space
What made you interested in investing in this type of deal?
its been a long time coming
How did you find this deal and how did you negotiate it?
got lucky, didn't need to negotiate they seller lowered the price just before we made an offer.
How did you finance this deal?
big money down against mortgage
How did you add value to the deal?
Hospitality experience
What was the outcome?
brand new
Lessons learned? Challenges?
do your research thoroughly
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
yes, Emily O'Connor, Creegan Group
Most Popular Reply
- Property Manager
- Orlando Kissimmee, Davenport
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In the Disney area there are a bunch of gated neighborhoods that are built as STR specific neighborhoods. The homes are zoned for nightly rentals, and the entire neighborhood is built with the intent of STR. While some people do choose to live there, the homes are not built with the intent of primary residence. Instead of garages the homes have game rooms. There are no mailboxes at the homes. Trash is collected by the HOA 7 days a week, etc.
Most of the resorts have a big clubhouse amenity area with giant pools, waterslides, mini golf, splash pads, movie theater, etc. Guests staying in the homes in the neighborhoods are allowed to access these amenities for free.
Yes, it is all run through the HOA.
- Ryan Moyer
