Second Buy & Hold Investment Property

[Kayla Oliver-Pratt]

Investment Info:

Single-family residence buy & hold investment in Cocoa.

Purchase price: $56,700
Cash invested: $13,000
Sale price: $63,000

3 bed 1 half bath SFH

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

The price and location

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

Found deal on auction.com and won the bid at $63k

How did you finance this deal?

Financed deal with hard money for 12 months.

What was the outcome?

Currently in the rehab phase but posted my company sign on the property that it’s for RENT and my phone is constantly ringing!

Lessons learned? Challenges?

Rehab the property as quickly and get it cash flowing ASAP!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am a RE agent.