Updated over 4 years ago on . Most recent reply
1br Condo in Miami Beach
Investment Info:
Condo buy & hold investment.
Purchase price: $230,000
1br Condo in Miami Beach
What made you interested in investing in this type of deal?
Originally purchased to conduct short term rentals. It was one of the few buildings where the HOA allowed STR. It was doing well, about $1000- $1500 net profit/month depending on season. Now rented Long Term and barely breaking even.
Lessons learned? Challenges?
Lessons Learned: Don't buy an investment property and rely on STR to pay the bills
