Watersound Florida home

[Rachel Moore]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $3,675,000

furnished luxury home with lake and gulf views on long term lease

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

the appreciation of a home that was new construction (low initial maintenance costs) on a lake with ocean views. I used another business I own to furnish the home before turning it into a rental.

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

off market through word of mouth - other agents I had reached out to.

How did you finance this deal?

traditional 30 year fixed jumbo loan

How did you add value to the deal?

I bought under market in an appreciating area.

What was the outcome?

just did a HELOC for $840,000

Lessons learned? Challenges?

there is only so much water front property in luxury markets...grab yours!

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

yes, my husband and I are agents, we represented ourselves. instagram handle @stayon30a