The big and cheap house on orange

[Nickolas Quartez]

Investment Info:

Single-family residence buy & hold investment in N Fort Myers.

Purchase price: $115,000
Cash invested: $15,000

A very nice and large house on the water with gulf access that needed paint

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

I had a 1031 deal that I had to get rid of.

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

Found it on the mls. There were better offers but I have a good relationship with the realtor that was listing it.

How did you finance this deal?

I paid cash

How did you add value to the deal?

I painted everything, re-tiled the house, the covered porch and added a new kitchen