WATERFRONT VACATION RENTAL

[Andrew Tucker]

Investment Info:

Single-family residence buy & hold investment in Springfield.

Purchase price: $110,000
Cash invested: $20,000

We purchased this waterfront property to use as a family cottage and an STR. The property was on the MLS for 130 days. The owner spoke Polish with very limited English. He was very challenging to deal with. The seller had been under contract with two previous buyers and fell out of contract due to non compliance. We remained patient and saw the process through. We paid 35K under market value. We intend to add an additional master suite to increase square footage and ROI as a STR.