Beach Vibes vacation rental Panama City Beach

[Joe Rohne]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $465,000
Cash invested: $25,000

With 2 other investing partners I run 3 bed 2 bath house 2 blocks from the beach.

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

I love cash flowing short term rentals

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

Found this on a market tour with my broker at the time.

How did you finance this deal?

DSCR loan with partners

How did you add value to the deal?

removed deck and poured patio, created volleyball court in backyard, had to finish bathroom and closets, added barn door, and all the furnishings and decor.

What was the outcome?

a cash flowing short term rental investment.

Lessons learned? Challenges?

Some remodel items are better to wait until the off season.