All Forum Posts by: Joe Rohne
Joe Rohne has started 3 posts and replied 12 times.
Post: Beach Vibes vacation rental Panama City Beach
- Real Estate Agent
- Panama City Beach Florida/St. Louis MO
- Posts 12
- Votes 6
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $465,000
Cash invested: $25,000
With 2 other investing partners I run 3 bed 2 bath house 2 blocks from the beach.
What made you interested in investing in this type of deal?
I love cash flowing short term rentals
How did you find this deal and how did you negotiate it?
Found this on a market tour with my broker at the time.
How did you finance this deal?
DSCR loan with partners
How did you add value to the deal?
removed deck and poured patio, created volleyball court in backyard, had to finish bathroom and closets, added barn door, and all the furnishings and decor.
What was the outcome?
a cash flowing short term rental investment.
Lessons learned? Challenges?
Some remodel items are better to wait until the off season.
Post: Class Beach House Vacation Rental
- Real Estate Agent
- Panama City Beach Florida/St. Louis MO
- Posts 12
- Votes 6
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $426,000
Cash invested: $90,000
2 bed 2 bath short term vacation rental 2 blocks to the beach
What made you interested in investing in this type of deal?
Cash flowing short term rental
How did you find this deal and how did you negotiate it?
MLS, negotiated with Broker
How did you finance this deal?
Conventional loan
How did you add value to the deal?
replace deck, new floors, landscape
What was the outcome?
cash flowing property
