All Forum Posts by: Jossalyn Wallace

Hey Lindsey! I live in Destin and have a great contractor. He did my first remodel for me and is about to start a second. His name is Jimmy and his number is 850.585.5064. If he doesn't answer feel free to leave a message or shoot him a text. You can tell him I passed his info to you. Good luck with the renovations! Let me know if you need any other resources. 

Hey Megan , I am also a realtor in Florida but I am located in the FL Panhandle. STR are huge in the market over here but certain zoning (usually the more residential areas) does not permit Airbnb's so I would definitely double check with the county in any areas you're considering that they are allowed. Are you trying to manage the airbnbs or own the properties and run the airbnbs? I previously closed a flip and I got that one from cold calling so hitting the phones for deals is especially helpful in this low inventory market.

Investment Info:

Townhouse fix & flip investment.

Purchase price: $242,000
Cash invested: $100,000
Sale price: $485,000

I had a loan on this unit for $209,000 and was all in for $100,000 including down payment, closing costs, renovations, etc.

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

Straight forward, quick, and great margins.

How did you finance this deal?

Conventional financing with a JV partner, everything split 50/50