All Forum Posts by: Joey Gilkey

Chris 

They both rent extremely well and pay for themselves with just a one week rental per month. Because they are on the bottom floor and 15 steps from the water and decorated with a beach/farmhouse flair it attracts our guests and we have to turn down requests as we enjoy them as well and have to block off our vacation days. The HOA dues do not go up. Our website is VRBO.com/909238 and VRBO.com/1432448

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $146,000
Cash invested: $30,000

Purchased 2 condos on the Santa Rosa Sound on Navarre Beach I ABnB and VRBO my properties.

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

Great value and a great vacation rental island near Pensacola

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

We stayed at this location and knew that this was the spot to invest