First Deal in Brevard Co. in Escrow!! I'm Back Baby!!

[Gerald Renoe]

Hello BP! After a 15 year hiatus from REI...I'm back baby!!

We just got our first deal in escrow here in Brevard county! I will be posting the details as we go along. I'll have quick pics later today. 

Thanks to @Brandon Turner and @David Greene for the podcast...not sure I would have made with out the information and more importantly the encouragement. 

The deal came to us through a bandit sign! Interesting, I have found that I love the thrill of the chase. D4D, walking properties, putting out bandits, seeking new areas...love it. I guess it makes sense after decades at a computer and at meeting tables, being "out there" and being hands on is a thrill. 

I may end up focusing on the hands-on elements as I build out the team. A good lesson from the podcasts and other wise advisors - focus on the elements that you love and are good at, find people that are smarter about and better at the other stuff! 

The deal is on Merritt Island. 3/2 CBC. Cash. No major issues at all. Only two owners. The house just needs to be updated. 

Its a classic low-in-a-high play. Surrounded by homes that are 2-3x the value. Super central location. 10 minutes to beaches. 

We are obtaining the property at a low enough price that we have options - wholesale, buy and hold, flip, etc. 

If you are in Brevard and are interested please shout. We will post over on the Market if we decide to officially move this one and not hold. 

Working through the insurance situation today. Probably will need flood and hurricane. But, again, the deal is good enough that it will cash flow, maybe as is, even with the higher insurance. 

Stay tuned for more on this and other deals as we ramp up!! 

--Jerry

"Its not what you get, its what you become." -- Jim Rohn