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Updated over 3 years ago,
BRRRR a Beach House STR?
Put a large beach house on the NC coast under contract recently and wondering if there are any stories/tips on assessing a potential BRRRR opportunity in a beach/vacation area? I think we got it under priced a decent amount and it's a bit outdated. I know floors everywhere, countertops in kitchen, and all bathrooms are outdated and could be updated for sure. There's also no pool or backyard setup. So, these are the opportunities.
I'm familiar with this process in normal LTR areas, but I'm curious how it may differ in an area like this? For example, I'm sure a pool is more valuable at the beach vs in the middle of a city where it may be a negative for some buyers.