Section 8 Rental in North Miami

[Jason Smith]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $175,000
Cash invested: $30,000

Single family home that I have had rented with Section 8 since 2005.

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

cash flow from the beginning
location east of I-95
large lot for re-development in future
affordable down payment

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

on MLS

How did you add value to the deal?

20% down conventional mortgage

What was the outcome?

increase in equity
debt paydown
doing cash out refi to purchase multi-family

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

Jason Smith (Keller Williams Miami) 786-326-8115 mobile