All Forum Posts by: Mihai Echim

thank you everyone

Hi everyone,

I recently started a short-term rental property management company based in the Orlando area (Davenport specifically), and I'm looking to connect with experienced STR property managers or cohosts who are actively managing in this market.

I’d love the opportunity to meet for a quick coffee or Zoom chat to learn from your experience and maybe share some insights as well. If you're open to a short consultation or just a friendly conversation about how you're operating in Central Florida, please reach out.

Thanks in advance and looking forward to connecting!

4243830784

— Mike

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $580,000
Cash invested: $40,000

Bought the house as a short short term rental investment. Four minutes walking distance to the beach. No HOA.
The house is close to Cruises in Cape Canaveral, Florida and you can see Space X Launchings from there. It will be listed on Airbnb and other short-term platforms in March after remodeling. Around $300 per night.

What made you interested in investing in this type of deal?

As a Real Estate Agent I was working with a client on the same street. I helped him to buy a house in the area and caught my attention.

How did you find this deal and how did you negotiate it?

I was contacting owners in the area when I found a house for sale, and I bought it. There aren't too many options in that area.
I negociate $45,000.

How did you finance this deal?

Conventional loan.

How did you add value to the deal?

Renovate.

Lessons learned? Challenges?

Beach homes will always go up (my opinion). Plus is a great income if you decide to rent it.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Mihai Echim

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Rancho Cordova.

Purchase price: $460,000
Cash invested: $120,000

This deal was a 4plex. I bought it an rented on long-term so far.
2beds, 1bath each.
monthly payment $2,300
monthly income $5,000

What made you interested in investing in this type of deal?

Buying a fourplex is one of the best investment in real estate (my opinion )

How did you find this deal and how did you negotiate it?

I found it from one of my business partner.

How did you finance this deal?

investment - conventional loan
25% down.

How did you add value to the deal?

Did some renovations.

What was the outcome?

payment $2,300
income $5,000

Lessons learned? Challenges?

Buy and wait, do not wait and buy))

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Mihai Echim

Investment Info:

Townhouse other investment.

Purchase price: $440,000
Cash invested: $88,000

This is a 5beds , 4beds new townhouse. Corner unit. Zoned for short-term rental. Private pool. Near Disney parks.

What made you interested in investing in this type of deal?

Orlando area is a great place for short-term rentals properties. With millions of people visiting Disney Parks.

How did you find this deal and how did you negotiate it?

I'm a real estate agent and I'm familiar with this type of deals.

How did you finance this deal?

Investment - conventional loan.

What was the outcome?

I'm in process to furnish it and after list it on the market.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Mihai Echim