All Forum Posts by: Anthony Crecco

Hi, hope that this finds you well! I have a Malibu Beach property I negotiated down quite a bit and am closing on next week, but I really don't want to go in on the down payment solo. I got it down about $1m to $4.2m, it's valued around $5.6m, and it has a proven multi-year $30k/month rental history from being on only 2 of the 35+ short term sites, so my plan is to put it on more, like I've done with my others, as well as open it up to productions for film inbetween to hugely expand the monthly income. It's fully furnished and ready to go with the old manager for one month at a reduced rate while we transfer STR permits. There is even room to add two more units.I have a very stable cleaning crew, as well as several years of managing similar properties in the area, all while being a mom of two. My own rentals out here just keep making more and more, plus I'm very clued into the market having grown-up here, not to mention always will find a way to make a property make more revenue, as that's my nature. If someone doesn't show up I'll be there, but I want to expand and need a little liquidity to do it, so as to not overstretch my base. Definitely want to do other deals.Please contact me if you're interested. Looking to do a profit share for about $500-900k, first payback from monthly income as well as a Splitero $500k "HELOC" back in 30 days or less, and percent of sale. Best wishes, Jen