Single-family residence buy & hold investment in Vero Beach.
Purchase price: $34,500
Cash invested: $14,500
Bought with hard money and never refinanced out. Need to if anyone is interested.
What made you interested in investing in this type of deal?
Cash flow, Appreciation
How did you find this deal and how did you negotiate it?
How did you finance this deal?
Hard money, credit cards
How did you add value to the deal?
New floors, new drywall and paint
What was the outcome?
Renting to this day
Lessons learned? Challenges?
Need multi family to lower risk and exposure
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I`m licensed and acted as buyer/agent
Sounds like a great deal for this area! Can I ask when you bought and what it rents for?
2017 I’m renting to family for $650
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