Waterfront with potential

[Johnny Joyce]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $365,000
Cash invested: $200,000

Originally a primary residence that was severely damaged by hurricane Ian and now trying to decide whether or not to tackle the rebuild or sell "strictly as is".

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

Waterfront with ability to expand to increase size and price

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

I am a Realtor

How did you finance this deal?

Government financing

How did you add value to the deal?

TBD

What was the outcome?

TBD

Lessons learned? Challenges?

Be more specific when it comes to insurance coverages.

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

Yes, I was the buyer's agent and I worked with a good listing agent.