Cape Canaveral Investment

[Tyler B Starke]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Cape Canaveral.

Purchase price: $347,000
Cash invested: $90,000

4 Units a block off of Cocoa Beach

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

Multi-Unit Foreclosure

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

Loopnet, spoke with the agent and was able to negotiate based on the current state of the property.

How did you finance this deal?

Bank

How did you add value to the deal?

Complete renovation

What was the outcome?

Currently listed on 4 Rental Sites

Lessons learned? Challenges?

Zoning lessons, primary lessons learned having a satellite management. Understanding on to sync and list properties online.