Florida Investment 1

[Melissa Friede]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $660,000
Cash invested: $100,000

Renovated a large single family property into an AirBnb in a popular beach area.

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

Location and growing the portfolio.

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

Family lives in area and with their agent.

How did you finance this deal?

1031 tax exchange and a mortgage

How did you add value to the deal?

remodel

What was the outcome?

more to follow....just started renting it.

Lessons learned? Challenges?

expensive remodel and to furnish

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

absolutely