All Forum Posts by: Eric Merkle

@Kristina Modares

We’ve worked with Rachel Leferbure and she has been fantastic. I highly recommend her.

I don’t have any good insight on off market deals other than working with the realtors. I agree with the other post that the winter/fall market does seem to help with lower pricing or people more willing to deal.

We are doing the exact same thing with property we purchased early last year with cash. Our goal is break even or be slightly cash flow positive on the property in terms of expenses and rental income. This allows us to pull as much cash out so we can buy more properties. We are fortunate to have enough cash overall to buy a few properties, and combined with leverage that just means we can buy many more. If you are in this for the long run and feel that you have enough income or financial backing I believe that is the best strategy. Over time your properties will appreciate and rent will go up while your mortgage stays the same. If you can do this using the BRRR method, that's even better.

I agree with Blake as well in that you can also reduce the loan amount to whatever you feel comfortable with so that you know you will not be over leveraged and be able to always pay the mortgage.   

@Jon Pazevic

I agree and it will likely continue as long as the economy stays strong. If/when the economy goes into recession areas like 30a where most of the growth is due to vacation rentals and second homes will likely be hit first.

@Alex Craig

It is two blocks back from the beach.

@Todd Goedeke

We sold this property but it’s cash flowing about 200k per year. Approximately $11k during peak rental weeks.

@Eric Merkle

First, I am a newbie here so I didn’t realize the post was going to come out the way it did. This investment was about four years ago.

It is more difficult now to have this same type of success. I believe it’s still possible but you have to build which has inherent risk due to the time it takes to build a property weighed against where the economy will be in the next year or so.

Investment Info:

Single-family residence fix & flip investment in Santa Rosa Beach.

Purchase price: $1,000,000
Cash invested: $1,000,000
Sale price: $1,500,000

8 bed, 8 bath home near Seaside Florida. Great short term rental.

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

Cash flow and appreciation

Investment Info:

Single-family residence fix & flip investment in Santa Rosa Beach.

Purchase price: $1,000,000
Cash invested: $1,000,000
Sale price: $1,500,000