CASA MARE VACATION RENTAL DEAL

[Christopher Garcia]

Investment Info:

Single-family residence other investment in Hollywood.

Purchase price: $385,000
Cash invested: $60,000

Casa Mare was our first vacation rental investment and by far the best business we have ran into. This is an amazing pool home with 4 bedrooms and 2 bath with capacity of 12 guest.

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

After going for vacation multiple times and using AIRBNB I got interested in this type of buisness. Before making the move I listened to several podcast, YouTube videos, and attend to different meetups which that made me even more intrigued.

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

As a real estate agent myself I found it through the MLS. House was in good conditions and needed minor repair so after the inspection we received a credit of $5000.00.

How did you finance this deal?

Primary home with 5% down conventional.

How did you add value to the deal?

We changed all the windows, doors, and patio floor.

What was the outcome?

Great appreciation in value and more bookings.

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

I am a real estate agent myself.