Danielle Butler Rental Deal

 

Danielle Butler Rental Deal

Platinum Dream Properties, LLC in Honolulu, HI

As the markets shifted during the pandemic, I pivoted my search to short term rentals. I purchased this property off the MLS from an out-of-state investor who had been losing money from the decline in tourism on Oahu. I bought it $30,000 below list price (approximately 32% below ARV), invested $6000 in some minor updates and had my first renter move in at $2000/month using AirBnB.com and my property manager to market for a 30-day renter. I used a private money lender for a quick and easy purchase, and I'm in the process of refinancing it for a lower interest rate and higher cashflow.

Rental Details

Property City: Honolulu
Purchase Price: $135,000

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Case Study

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

The systems to analyze deals and the continued updates on how CT Homes is pivoting helped me to rethink what I was looking for and reminded me to follow my own investment strategies that work for my business. Thank you Fortune Builders!