Adding vacations rentals to your portfolio

[Cynthia Paternostro]

Investment Info:

Condo buy & hold investment.

Purchase price: $322,000
Cash invested: $30,000

Luxury condo vacation rental on the beach

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

Steady cash flow & fluctuations in price

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

Agent!
Looking at comps in the area

How did you finance this deal?

Cash deal

How did you add value to the deal?

Total Renovation

What was the outcome?

Building a vacation turn key

Lessons learned? Challenges?

Learned on a turn key vacation rental 5 star I built in New Orleans & sold 8 years later doubled my money

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

Yes - Tracie Sweat