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Updated almost 5 years ago,
Cape Canaveral Condo
Investment Info:
Single-family residence private money loan investment.
Purchase price: $115,000
Cash invested: $45,000
Condo on Banana River, end unit. Views of Sunrise and Sunset and rocket launches.
What made you interested in investing in this type of deal?
I was using funds from a 1031 exchange. It was the right price and the right rental potential.
How did you find this deal and how did you negotiate it?
I found this unit with a realtor after looking in the area for six years. The 1031 exchange "forced" a purchase. Yet after six years of looking, I walked in and new it was the place. It was a regular negotiation with the realtors.
How did you finance this deal?
Bank Loan
I have had fantastic tenants that make it all worthwhile.