Daytona Beach Buy and Hold Results

[Paul Pratt]

Investment Info:

Condo buy & hold investment.

Purchase price: $147,400
Cash invested: $3,000
Sale price: $190,000

This was a buy and hold investment. It was a nice return with very little money put in. Updated flooring, ceiling fans and paint for a modern touch in an outdated condo. Capitalized on the market shift along with minimalistic design trends.

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

Very spacious unit in a golf community. Just needed some tlc and was price well below market value.

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

I found this deal FSBO, he wanted to downsize his portfolio but didn't want to put time or money into it.

How did you finance this deal?

Conventional financing.

How did you add value to the deal?

Knowing the fastest and most affordable ways to add to it ie flooring, paint and aesthetic.

What was the outcome?

40k profit and reinvested that into another up and coming area of Daytona Beach.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I'm and agent and am always here to help outside investors make solid returns in the Daytona Beach area.