Vacation Rental Rehab
Investment Info:
Condo buy & hold investment.
Purchase price: $405,000
Cash invested: $15,000
It is a modest rehab and hold for short term rental strategy. We bought it in August 2020 and work with some close friends to provide 3rd party STR management. It cash flows very well.
What made you interested in investing in this type of deal?
The cash flow and secondary benefit of personal use.
How did you finance this deal?
2nd Home loan.
How did you add value to the deal?
We rehabbed and also furnished the property.