2 Bedroom 2 Bath Vacation Rental in the Florida Keys

[Melanie Horowitz]

Investment Info:

Condo buy & hold investment in Tavernier.

Purchase price: $399,000
Cash invested: $100,000

Vacation Rental Less than 7 day Short Term Rentals allowed

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

ROI

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

Contacted the owner and bought directly from.

How did you finance this deal?

Only portfolio loans with 25% down is allowed. Considered a condo/hotel.

How did you add value to the deal?

Represented the buyer and saved him commissions.

What was the outcome?

Successful

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

As a Realtor, and by state law, I had to use my broker. She only took a 15% commission of the 6%. Saved the seller tons of money.