Large multi-family (5+ units) buy & hold investment in Fort Lauderdale, FL

[Nick Hiersche]

Investment Info:

Large multi-family (5+ units) buy & hold investment in Vista.

Purchase price: $2,000,000
Cash invested: $300,000

BRAND NEW CONSTRUCTION! NEVER LIVED IN! NO MONTHLY HOA FEE SOON TO BE GATED ENTRY TO THIS PRIVATE ENCLAVE OF 5 ATTACHED SINGLE-FAMILY TOWNHOMES. PERFECT FOR INVESTORS OR OWNER OCCUPANTS DESIRING A LOW-MAINTENANCE PROPERTY. SHORT-TERM RENTALS ALLOWED LESS THAN 5 MINUTES AWAY FROM ALL THE LAS OLAS BLVD ACTION. 1-CAR GARAGE + GUEST PARKING. 1 BLOCK AWAY FROM THE ADDERLEY, AN AMAZING 455 UNIT MIXED-USE DEVELOPMENT. For info and pics check out https://bit.ly/47mwtaE

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

Jose Gonzalez at Miami Real Estate Agency
https://josegonzalez.miamirealestate.agency

How did you finance this deal?

15% Down DSCR with Jose Gonzalez at The Mortgage Calculator
https://themortgagecalculator.com

How did you add value to the deal?

Bulk purchase of non warrantable/no HOA units.

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

Yes The Mortgage Calculator https://themortgagecalculator.com for 15% down DSCR loan!