All Forum Posts by: Joseph Vilkoski

Hey Dan,  Thanks for reaching out.  It's been great thus far!  Off season now so things can be a bit slow.  Excited for business to pick up in the summer!  Happy to answer any questions you have.  Feel free to reach out!

Investment Info:

Condo buy & hold investment in Ocean City.

Purchase price: $165,000

Vacation rental beach condo!

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

We love spending time at the beaches in Ocean City, MD. We want to share the fun with guests looking to take in the fresh Ocean air!

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

We found this deal on the MLS and negotiated a fair price based on the market.

How did you finance this deal?

We used conventional financing on this deal.

What was the outcome?

We will have this condo available for rent beginning January 2022!

Investment Info:

Single-family residence buy & hold investment in Ocean City.

Buy and hold short term rental. Short walk to the beach!

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

My family loves spending time at the beautiful beaches in Ocean City, MD!

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

We found this deal as a distressed property on the MLS. We negotiated a fair price point for the market that fit our rental budget needs.

How did you finance this deal?

Conventional financing was used on this deal.

How did you add value to the deal?

We added value to this deal by doing some updates on the kitchen, electrical, and yard.

What was the outcome?

We use this beautiful property as a short term rental in Ocean City, MD. We also use this property for quick family get aways to the beach!

Lessons learned? Challenges?

Contractors are tough to come by in Ocean City, MD when you're in a pinch. Luckily we used sweat equity to transform this property to a suitable, safe, and clean beach house rental.