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Updated over 4 years ago on .

User Stats

7
Posts
0
Votes
Vicente Barcelos
  • Real Estate Agent
  • Pembroke Pines, FL
0
Votes |
7
Posts

Rental property after bought in a Tax Deed auction

Vicente Barcelos
  • Real Estate Agent
  • Pembroke Pines, FL
Posted

Investment Info:

Condo buy & hold investment.

Purchase price: $30,100
Cash invested: $22,000

Bought on a Tax Deed auction, rehab it and have it on AirBnB. This is giving 26.87% ROI net.

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

Taxes did auction

How did you finance this deal?

Pay cash own money

How did you add value to the deal?

Complete rehab

Lessons learned? Challenges?

Contractors are really a big headache.

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

No

  • Vicente Barcelos