Ocala Park Estates Buy and Hold
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $165,000
Cash invested: $41,250
Second single family buy and hold rental purchased in Ocala in last month. 1031 exchanged my older buildings in Jacksonville for something newer with less impending capex and high quality tenant pool. This 3/2 house in Ocala Park Estates should rent for $1500+ with very little cosmetic updating.
What made you interested in investing in this type of deal?
Wanted to improve the mix of my portfolio to include some newer (1980+) buildings and better tenant pool
How did you find this deal and how did you negotiate it?
FSBO
How did you finance this deal?
1031 exchange for downpayment with conventional loan
