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Updated almost 4 years ago on . Most recent reply

Vito Troiano's profile image
Vito Troiano's profile image
Vito Troiano
  • Rental Property Investor
  • from Miami FL / Rockville Centre, NY
  • Member since Jan 16, 2021
  • Posts 7
  • Votes 1
  • Experience 8 Yrs
  • Investments 3
Connect

User Stats

7
Posts
1
Votes
Vito Troiano's profile image
Vito Troiano's profile image
Vito Troiano
  • Rental Property Investor
  • from Miami FL / Rockville Centre, NY
  • Member since Jan 16, 2021
  • Posts 7
  • Votes 1
  • Experience 8 Yrs
  • Investments 3
Connect
Vito Troiano
  • Rental Property Investor
  • Miami FL / Rockville Centre, NY
1
Votes |
7
Posts
Real Estate Deal Analysis & Advice

1br Condo in Miami Beach

Vito Troiano
  • Rental Property Investor
  • Miami FL / Rockville Centre, NY
Posted

Investment Info:

Condo buy & hold investment.

Purchase price: $230,000

1br Condo in Miami Beach

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

Originally purchased to conduct short term rentals. It was one of the few buildings where the HOA allowed STR. It was doing well, about $1000- $1500 net profit/month depending on season. Now rented Long Term and barely breaking even.

Lessons learned? Challenges?

Lessons Learned: Don't buy an investment property and rely on STR to pay the bills

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