New Smyrna Beach Triplex Win

[Michelle Richardson]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $410,000
Cash invested: $100,000

Cash Cow Triplex in New Smyrna Beach FL. Was able to beat 7 other realtors and acquire the property. As the renters that came with the property leave, I have rehabbed and increased rents. Ready to do it again!

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

Cash Flow potential for the short and long term.

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

Constantly searching for deals on and off the MLS.

How did you finance this deal?

Conventional.

How did you add value to the deal?

Rehabbing each unit to increase rents.

What was the outcome?

Win Win Win

Lessons learned? Challenges?

Make sure you use a good GC that has great communication and your best interest in mind.

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

Lender Laurie VanHaften of The Mortgage Firm. She is a pro!