Daytona Condo Long Hold

[Joshua Daly]

Investment Info:

Condo buy & hold investment.

Purchase price: $32,900
Cash invested: $2,500

Purchase: $32,900
Invested: $2,500
Current unappraised value: $76,645

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

Location

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

Explained the benefits for all parties involved.

How did you finance this deal?

Cash

How did you add value to the deal?

Small upgrades over time.

What was the outcome?

$36,600 profit unappraised value.

Cashflow rental: $500

Lessons learned? Challenges?

Association rules are important and the building finances.

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

N/A