Ybor City, Tampa, FL. 2 Bedroom 1 Bath with $18k down1

[Coty Dolan]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $60,000
Cash invested: $18,000

3305 E 21st Ave. Tampa, FL 33605
2/1 728 SqFt
5,216 SqFt Lot
Built 1952

List: $79,900
Purchase Price: $60,000
Rehab Budget: $31,500
Cash Invested: $18,000

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

The BRRRR Strategy, 1% Rule

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

I have a great Team in Tampa

How did you finance this deal?

Hard Money

How did you add value to the deal?

Rehabbed and Upgraded the Property

Lessons learned? Challenges?

There was a lot of learning on this deal, from obtaining Zoning letters from the City, Entity Formation, switching to Virtual deal. making...

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

Absolutely! Please ask me for my great agents Info!

[Daniel Sherman]

@Coty Dolan

We look at properties in Ybor from time to time, and there are great opportunities. I commend you as a very out of state investor for finding a place in a great up and coming neighborhood. I wouldn’t be surprised to find out you have personal experience here, or you’re just that good. Either way, great find.

Dan