I own and manage str’s in 2 different beautiful but often overlooked areas of the poconos.

Ida is a beautiful area! 

CA is a beautiful state. 

I can see that.I look at myself when I made my first sale in 1975  I was bagging groceries in high school for 1.35 and hour.my first sale in Real estate i made 600 dollars and calculated that it took less than 8 hours and then did the math and thought wow ... this is what i am going to do for my life and I will never get stuck working by the hour.. 

I recently moved to Puerto Rico from the U S.If you need a cracker-jack mortgage professional with 16 years in the bag, do give a call.

One has lasted almost 30 years with thousands of people walking on it annually and the second has been beautiful for 20 years with slightly less traffic.

Purchase price: $60,500 Cash invested: $40,000 Sale price: $205,000 Hoarder house foreclosure. 150 contractor bags, and a couple rollaways of garbage later we could start the demo.

Its going to be a beautiful house when we finish.  2 stories plus a finished basement.  4 bedrooms 3 baths. 

Rincon is a beautiful place, but oversaturated with STRs and properties are going at a premium. 

I would venture to guess that this strategy does not work in all markets.Also for those who think just tie it up and flip to DR is something easy this is not the case.. they are famous for changing their mind and walking from EM leaving the lot developer holding the bag..