Short Term Rental Investments - I want more !

[Mike Williams]

Investment Info:

Single-family residence buy & hold investment in Ormond Beach.

Purchase price: $160,000
Cash invested: $25,000

Short term rental on Ormond Beach.
Flows $1000 per month

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

Wanted a place on the beach for free.

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

I am a Real Estate Broker

How did you finance this deal?

Cash saved and a portfolio loan

How did you add value to the deal?

Replaced some furniture and other upgrades. As the agent representing myself the commission went to costs.

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

I was my own agent.