Fort Pierce FL Lucky Find

[Dwaine Hibbert]

Investment Info:

Single-family residence private money loan investment.

Purchase price: $70,000
Cash invested: $20,000

Going to be a rental. Needs full remodel

What made you interested in investing in this type of deal?

Location

How did you find this deal and how did you negotiate it?

Found on the mls. Negotiated with cash deal and quick closing.

How did you finance this deal?

Private lender, 12.5% balloon at 5 yr. No down payment.

Lessons learned? Challenges?

Upcoming challenges with full remodel and building department turn around times.