My first STR that started my journey and addiction

[Catherine Ratcliffe]

Investment Info:

Condo buy & hold investment.

Purchase price: $632,000
Cash invested: $180,000

3/2 gulf front condo being used as an STR

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

Knew it was a desirable market. I live an hour away and it was currently cash flow positive without any enhancements

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

Through an online search

How did you finance this deal?

Traditional 30 yr mortgage

How did you add value to the deal?

Started self managing, updated furniture and had professional pictures taken

What was the outcome?

Increased revenue by 50% from sellers best year.

Lessons learned? Challenges?

Self manage! Automate! Just get started.