Beach house investment 2022 South Carolina

[Andrew Fidler]

Investment Info:

Townhouse buy & hold investment in Murrells Inlet.

Purchase price: $800,000
Cash invested: $60,000

Beach house split with 4 total of us. 25% ownership

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

Other investor/ partner owns other side - very clean got a deal from talking to original owned

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

From business partner

How did you finance this deal?

Traditional loan

How did you add value to the deal?

Repaired elevator, pool heater, repaired doors, landscaping and updated all existing furnishings

What was the outcome?

Fully rented , great reviews

Lessons learned? Challenges?

Partner with knowledgeable and skilled people. We did majority of inside work on appliance and fixtures. We all put tremendous amount of long hours in to bust it out in a week and do everything correct.