Panama City Beach Flip into STR

[Ricardo Hidalgo]

Investment Info:

Townhouse other investment.

Purchase price: $250,000
Cash invested: $103,000

Loan amount of 200k and we are the lowest sale of purchase that has occurred since 2021. Going to renovate, furnish and then make it an STR. We will will put it back on market for 375k plus as we make money on rentals.

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

Lowest sale in the complex.

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

MLS and got quotes from builder.

How did you finance this deal?

20% down interest only.

How did you add value to the deal?

Going to renovate and furnish so it's a turn key rental.

What was the outcome?

I believe it was appraised for over $350,000 with a full renovation.

Lessons learned? Challenges?

Always offer where the numbers make sense if it's a property that can be maximized.

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

I am a real estate professional.