Ocean View Vacation Rental 3 Bedroom/3 Bath Investment

[Melanie Horowitz]

Investment Info:

Condo buy & hold investment.

Purchase price: $545,000
Cash invested: $125,000

Vacation Rental - Short term less than 7 days - Ocean View

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

Ocean Front rental with less than 7 days.....the Key's do not have an off season like the rest of florida.

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

I'm a realtor. I gave the sellers our "story" and they liked it. Negotiated a good price and the appraisal came lower than the already good deal (lousy appraiser).

How did you finance this deal?

20% down

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

Yes, I'm a Realtor with tons of real estate investment knowledge in the Florida Keys.