Beach Blossom Villa

[Villy Ellinger]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $245,000

Remodeled it and turned it into an STR. Super close to the beach, so it's doing great :-)

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

I had sold and managed properties in that subdivision before. Believed that they are under-valued at the time, considering the location and STR income potential.

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

MLS. I'm a Realtor, so saw it as soon as it was listed and made offer immediately as I was already familiar with the layout, etc.

How did you finance this deal?

Cash to purchase to be competitive. Then cash out later.

How did you add value to the deal?

Remodeled.

What was the outcome?

STR rental currently

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

I'm a real estate professional and I specialize in that area. That did make it easier to find and get the deal.