Single-family residence buy & hold investment in Lehigh Acres.
Purchase price: $94,000
Cash invested: $5,000
The property isn't currently cash flowing much but I'm ok with that as the house is less than 10 years old. Currently under 1 year lease and might sell to the current tenant.
What made you interested in investing in this type of deal?
Have been wanting to invest in real estate for awhile and all of a sudden our company moved us to North Fort Myers so we decided to rent the house out, though I didn't feel it was really ready.
How did you find this deal and how did you negotiate it?
The property was owned by our company and in 2014 we bought it from them.
How did you finance this deal?
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Jack Lewis @ access real estate is great.
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