All Forum Posts by: Kevin Gunn
Kevin Gunn has started 1 posts and replied 1 times.
Post: Buy and Hold in Myrtle Beach
Kevin GunnPosted
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Investment Info:
Other buy & hold investment.
Purchase price: $45,000
Cash invested: $10,000
Bought a condo in a resort. Remodeled and manage on Airbnb
What made you interested in investing in this type of deal?
Easy entry. Low HOA. Low Competition
How did you find this deal and how did you negotiate it?
Local Agent
How did you finance this deal?
Owner
How did you add value to the deal?
GRI vs expenses
What was the outcome?
I gross $20k a year on this unit. My expenses are $9k.
Lessons learned? Challenges?
Remodeling in this building is key.