Buy & Hold in the Treasure Coast of FL

[Jose Bordes]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $129,000
Cash invested: $38,000

A 2B/2B unit under market rent, intend to convert to Section 8 tenants after lease expires. ARV around $138,000. HOA fee under $110/month.

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

Under $150K rental with future $1500/month cash flow

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

Zillow- I worked with seller's agent

How did you finance this deal?

5/1 ARM DSCR loan

Lessons learned? Challenges?

Ask the seller to show proof of permits. In the contract add this contingency where the price is based on appraisal value.

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

Closing Attorney