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rental DEAL

Michael Hamilton

Live Swell in , null
Michael Hamilton with Maria Feurer

This property, The Chill Beach, and Surf Bungalow OBX are set up as a Vacation Rental in a very established vacation destination, Outer Banks, North Carolina. We have been renting this property short term for 3+ rental seasons and it produces revenues in the $40,000 range annually of which $10,000-$15,000 is positive cash flow. Additionally, since we acquired the property at a deep discount and renovated it, we have been able to force the appreciation and created well over $50,000 of equity. After acquiring this first vacation rental property we have built a boutique brand of vacation rentals, Live Swell, whose mission is to open the doors to the laid-back surf lifestyle. This property is ranked by independent authorities, AirDna, as one of the top 10 properties on Airbnb in a market of around 350 rental units. Come take a tour of the property with us....https://www.youtube.com/watch?v=-yUsh0xOUDM

Rental Details

Property City:
Kill Devil Hills
Property State:
NC
Purchase Price:
$140,000
* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in advanced FortuneBuilders’ training and coaching. The participants shown are not paid for their stories; however, some of the students depicted may also be a FortuneBuilders' coach, and our coaches are compensated for their services. We believe in full transparency, so please read our Earnings and Income Disclaimers and Terms of Use

Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

FB introduced us to conservative real estate investing and entrepreneurship principles that have allowed us to reduce our risk and produce 'top property' results in a short time. We used the MLS offer system to ID properties with long days on market with good upside potential. Using renovation systems, we were able to force the appreciation of the asset, increase rental rates and 'stand out' from the crowds with more marketable properties. The equity created provides us options to leverage and make more wise investments in the future. Most importantly, we learned the importance of building a systems dependent vacation rental and Airbnb business model as the increased operational responsibility can be daunting if not managed appropriately. Following these principles, we are able to live a lifestyle by design and not get 'stuck' working in the business. Cheers...from Bali!