Worth the Wait
🏖 Eddie's 2022 real estate investment involved a $2,000,000 property. After a $25,000 legal battle, he purchased it for $800,000 in December 2023 with a $75,000 seller credit. He financed $561,000 at 8.5% interest and $187,000 in construction loans. By July 2024, he renovated five cabins for $280,000. In 2025, with all ten cabins operational, he achieved 95% occupancy, $330,000 revenue, and $100,000 net cash flow. A 2025 refinance valued the property at $2,000,000, yielding $1.2M, and $253,000 back to Eddie.
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