Closed on #10 property in South Florida yesterday.
Hello! Everyone. I just closed on my 10th property ( first with my new partner ). Details - Paid $53K. 7 more units to go, partner wants to see how this one works out first, before we buy more. I own 2 units in there for over 10 years. Here is the breakdown.
1/1 Condo (1st floor) east of Federal Hwy in a Class A section of Lighthouse Point, Fl 33064
Rent is $800 now (Tenant there for 2 years)-No problem getting new rent of $900-$950
HOA is $190.00 a month
Taxes are $60 a month
Liability Insurance is $64 a month.
Low Vacancies - Highly desirable area.
NOI - $486 per month.