Primary shifting to STR

[Jamel Brown]

Investment Info:

Single-family residence other investment in Jacksonville.

Purchase price: $299,975

Currently operating as my primary residence and am renting two rooms at $500 for a total of $1000 a month in passive income.

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

I was looking for a place to live in 2021.

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

I found it on the MLS and was able to receive the deal by writing a letter to the seller and talking to her in person.

How did you finance this deal?

VA loan.

What was the outcome?

I am currently living in the property but plan to move out in September. I will then use the VA loan again and turn this property into an Airbnb.

Lessons learned? Challenges?

It pays to be sociable and genuine with people. Additionally find ways to stand out.

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

Kim Felix at Movement Mortgage. She is based in Jacksonville, FL.