Updated almost 5 years ago on .
- Rental Property Investor
- Central Florida, Florida keys - Upper keys
- 1
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- 5
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New Development - plans for 12 new units
Investment Info:
Large multi-family (5+ units) other investment.
Purchase price: $65,000
Cash invested: $45,000
Developing 12 units on 1 acre parcel
What made you interested in investing in this type of deal?
Change to use my skills and connections
How did you find this deal and how did you negotiate it?
Realtor friend recommended it to me.
How did you finance this deal?
cash and a personal loan from discover.
How did you add value to the deal?
worked with an engineer to develop the site plans and building plans
What was the outcome?
not finished yet.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I worked with agents, lenders, engineers, and Discover card. Herb Green with CAD JAZZ Engineering is the best around.