Duplex Cape Coral Florida

[Jason Martinez]

Investment Info:

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

Purchase price: $260,000
Cash invested: $20,000

3/2/1 car garage each side. Rents for $1300 per side

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

Immediate cashflow

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

MLS

How did you finance this deal?

FHA loan

How did you add value to the deal?

Renovated entire duplex and increased rents

What was the outcome?

Passive income and cash flow

Lessons learned? Challenges?

Crappy tenants suck

[Carl Hebert]

Grats on the purchase, did it come with tenants or did you just get crappy ones to start? 

I really like the Cape Coral area, hoping I can find a nice duplex there myself. Planning on looking starting in August.