Downtown Orlando Buy and Hold No Brainer

[Derek McManus]

Investment Info:

Single-family residence buy & hold investment in Orlando.

Purchase price: $180,000
Cash invested: $20,000

Bought this property in 2014 as buy and hold.

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

Had strong feeling more and more people would prefer to live closer to downtown. Urban Edge

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

Through a Real Estate Agent

How did you finance this deal?

Conventional

How did you add value to the deal?

painted, stainless steel appliances and fixed the deck

What was the outcome?

Still own the property and could sell for $320k

Lessons learned? Challenges?

Should have bought more in 2013 and 2014