Orlando Buy and Hold

[William Dedelow]

Investment Info:

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

Purchase price: $112,000
Cash invested: $115,600

Purchased the final two units in a 6 unit building given us ownership of the entire building. Units were purchased for $57,800 each in April of 2015. Both units were occupied at the time of purchase at $700 and $750. There was no initial outlay to fix and upgrade the properties, but we did upgrade both when we turned them. They are currently both rented at $1000/month.