Buy and Hold in Myrtle Beach

[Kevin Gunn]

Investment Info:

Other buy & hold investment.

Purchase price: $45,000
Cash invested: $10,000

Bought a condo in a resort. Remodeled and manage on Airbnb

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

Easy entry. Low HOA. Low Competition

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

Local Agent

How did you finance this deal?

Owner

How did you add value to the deal?

GRI vs expenses

What was the outcome?

I gross $20k a year on this unit. My expenses are $9k.

Lessons learned? Challenges?

Remodeling in this building is key.