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.
