Andrew is a prior Marine Corps Pilot with over 7 years of Short Term Rental Experience. He specializes in Military Benefits and Creative Finance Solutions.
DrewChief Acquisitions Officer

Haley Is an EMDR and Mental Health Counselor. She specializes in User Experience and Customer Service
HaleyChief Operations Officer

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Email

info@springboardinvestment.com

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720-722-2019

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OUR PATH SO FAR

WE STARTED BY HOUSE-HACKING IN 2020 AND HAVE SCALED RAPIDLY EVER SINCE

WE CURRENTLY OWN AND OPERATE 10 STR UNITS IN THE PENSACOLA AREA

STEP 1 – HOUSE HACK
(UNITS 1-4)

We purchased our first property remotely while Andrew was in TBS in Quantico, VA. We used a VA loan and offered a bit above the sellers counter-offer in exchange for closing cost coverage – which resulted in us walking away with cash in hand at closing. This property features a Single Family Home Built in 1920. Two additions were made, one adding a laundry room and an office, and the second adding a lofted studio apartment – a mother-in-law suite. There is a separate building on an adjoining street that has an upstairs and downstairs 1 bedroom apartment. 

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  4
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  2
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  1870 Sq Ft

STEP 2 – ANOTHER PRIMARY
(UNITS 5-6)

We decided to forgo using the VA loan again to save the entitlement for a more high value property at our next duty station. We acquired this one with a Conventional Primary loan 13 months after moving to Pensacola. What attracted us to it was its location (the highly coveted East Hill neighborhood) and its STR ability. The garage was converted into a master bedroom with outside access, so after moving in, we boarded up the door to the rest of the house and made it our 5th AirBnB unit. It is now Haleys pride and joy, the “King Suite of East Hill” – currently Pensacola’s highest ranked AirBnB studio apartment. 

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  4
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  2
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  1520 Sq Ft

STEP 3 – USE EARNINGS HISTORY AS CREDIBILITY
(UNITS 7-8)

This was our first foray into creative financing. We drove past this property a few hours after the owner posted the FSBO sign. We pulled into the driveway and called the seller, and she came out of the garage and talked to us. We made an offer on the spot, which was rejected, but the seller called a few weeks later and we came to terms on the purchase. The sellers agreed to take the down payment in installments over a year, and sell the property at nearly half of the going interest rate at the time of closing. Not only that, but they agreed to work in a 7 month closing period which allowed us to acquire funds to furnish the units and make them our 6th and 7th STR units in the Pensacola area.

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  6
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  5
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  3400 Sq Ft

STEP 4 – GET CREATIVE AND START TO SCALE
(UNITS 9-10)

This house is ugly -no doubt about it. We bought this property because the seller was looking to retire and willing to take a small down payment in exchange for the deed. What made it attractive to us was its location.  Less than two blocks away is Wahoo’s Stadium, Pensacola’s crown jewel. It is also a keystone lot, meaning that other vacant lots in the area will have a difficulty in selling without bundling alongside this property. We intend to hold this for three years or less and then sell it to a developer looking to build a luxury shotgun-style houses. Currently it consists of a SFH and a tiny home on the front half of the lot. The second half will soon hold a pair of tiny homes.

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  2
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  5
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  703 Sq Ft