Vero Beach rental property investment

[Stephen VanMeter]

Investment Info:

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?

Online Auction

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