Daytona Beach rental

[Thomas Dyman]

Investment Info:

Single-family residence buy & hold investment in Daytona Beach.

Purchase price: $72,500
Cash invested: $5,000

Light cosmetic, buy and hold condo. Rents at $1100. Repairs $6000. ARV $115-120k

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

The math worked and quick to cash flow.

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

Off market through a realtor while showing me other properties.

How did you finance this deal?

cash

How did you add value to the deal?

update baths, flooring, paint

What was the outcome?

cash flowed 2 weeks after closing

Lessons learned? Challenges?

deals are there if you are out there