Condo investments (STRs) in Brickell Miami

[Ruth Huard]

Investment Info:

Condo buy & hold investment.

Purchase price: $415,000
Cash invested: $415,000

Purchased two condos in a hotel-condo building in Miami (Brickell - financial district). Each was about $400K. They are currently STRs (using Airbnb and VRBO)
- https://www.airbnb.com/rooms/53422834
- https://www.airbnb.com/rooms/555741066345416184

These are my first STRs and self-managing at this time; learning a lot about being an out-of-state host and revenue management.

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

Wanted to enter the STR market and looked for markets that were growing and with different markets (e.g., business travelers and tourists).

How did you finance this deal?

All cash from a cash-out refinance of another property.