Buy and Hold STR in Murrells Inlet South Carolina

[Michael Gabriel]

Investment Info:

Condo buy & hold investment.

Purchase price: $309,000
Cash invested: $82,000

Contributors:
Alex Bekeza

Short term rental

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

We wanted to get an STR that we could stay at a few times per year

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

I had an agent down in the Myrtle Beach area help me find it

How did you finance this deal?

non conforming STR loan

How did you add value to the deal?

no value add

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

I worked with Alex Bekeza on the financing. This is the 5th transaction we did together. I highly recommend him for all your investor loan needs

[Alex Bekeza]

@Michael Gabriel Congrats on adding another great STR in a new market to your portfolio and I really appreciate the shout out!

@Anthony Williams This was a DSCR based/STR friendly 30 year fixed loan with 25% down. We used Air DNA Data to calculate the DSCR.