Large multi-family buy & hold investment in Davie.

[Fernando David]

Investment Info:

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

Purchase price: $720,000
Cash invested: $144,000

Purchased a portfolio that consisted of one 3/3, one 3/2, two 1/1, one studio.

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

The location, force appreciation, appreciation, and cash flow. If I flip it today I can profit 182K.

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

Found it while driving for dollars

How did you finance this deal?

Conventional

How did you add value to the deal?

Having a vision for the property (very distress property) and a team that repaired the property in a timely and cost saving manner.