Finally made the plunge into the short term rental market

[Justin Osborne]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $612,000
Cash invested: $200,000

Our first foray into STR vacation rental.

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

We have always wanted a vacation home of our own near the parks.

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

We had stayed in a short term rental in this specific community before, it was a new construction build direct from the builder.

How did you finance this deal?

Conventional

How did you add value to the deal?

Decor and furnishings

What was the outcome?

To be determined

Lessons learned? Challenges?

Finding contractors is a bit challenging in this particular market. Lesson learned - We can never squeeze as much into a day as we think we can

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

Yes, Nader Al-hawamdeh was our agent at Preferred Real Estate Brokers in Orlando, Fl.