All Forum Posts by: Tyler Southerland

Charles, I live and work in PCB, as well as invest in & manage short term rentals here. The market is extremely strong, it is becoming more saturated but I do not see over-saturation being an issue either. Biggest issue you will encounter is going to be the rising price for insurance policies. It has gotten pretty insane, not going to deny it. Some condos kill it in our market, others are just so-so in comparison to nationwide.

I would be happy to help you on your next steps, feel free to reach out anytime for some additional information and help. I am an investor friendly realtor as well so I can help on all sides.

Best,

Tyler Southerland

Investment Info:

Townhouse fix & flip investment.

Purchase price: $169,000
Cash invested: $60,000

I purchased this townhome from a wholesaler who knew what my desired criteria was. We accessed the home and closed on it in the sellers desired time frame. The wholesaler made over $40,000 on this deal- yet I received a cash flowing short term rental that is worth over double what I bought it for, cash flows $50,000/gross annually & is located in one of the hottest beach towns across America. The perfect example of making a win-win scenario for all parties.

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

This was my second short term rental property in Panama City Beach, FL. It was a distressed property that needed a full remodel, which I enjoy re-creating a branded piece of history in our local neighborhoods.

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

A wholesaler brought the deal to me and the distance to the beach & current zoning potential sold me.

How did you finance this deal?

Hard money/ cash out refinance

How did you add value to the deal?

Full renovation, add a second bathroom, created a short term rental, CREATED the COMPS & was able to persuade all attached units to partake in the exterior updates to make our building unique on this street.

What was the outcome?

A cash flowing short term rental less than 1000 ft from the beach...my first daughter's very first investment property that will pay for her college (or fund her future business, if she prefers)

Lessons learned? Challenges?

Trust your gut and know your real estate markets

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am a Realtor in PCB, FL who specializes in investment opportunities and helping investors locate deals, renovate the properties, and manage them as short term rentals or resell- whichever seems to fit the script. Found a great group of contractors on this project that are still to this day, one of my preferred vendors.

Hey Rob, I am from the Panama City, FL, the area that just took a devastation from Hurricane Michael. How many members usually show up to your meet groups? Looking to network with some outside investors and help others expand into a new market such as Bay County where many opportunities are going to be coming to the surface. Let me know if this interest you at all.

Tyler Southerland

(850) 381-9270

Looking for investors in Panama City, FL. As the city continues to clean-up and rebuild, we will need many investors to help out in the restoration process. I live in the city of Panama City/ St. Andrews and I know many people will take their insurance checks and leave their home vacant. If you would like to be part of this, please let me know. I will be the feet on the streets finding these properties. I will need more help in all stages if anyone is interested or knows of anyone who might be.

Hurricane Michael devasted Panama City, Lynn Haven, Callaway and many more surrounding cities. We will do our part in helping these home owners take these burdens off their back and being able to walk away. I am a citizen of this community and also a real estate agent who is looking to shift my strategy and keep others motivated in this time of need. I am able to manage projects or assign project managers to jobs for out of state investors looking to put their money to work.

Tyler Southerland

(850) 381-9270

[email protected]

House looks great! Nicely done👌