Hurricane brrrr in Panama City fl

[Joey Sostheim]

Investment Info:

Single-family residence buy & hold investment in Panama City.

Purchase price: $60,000

Old home on great lot with future commercial potential. Zoned commercial but grandfathered in residential

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

Helping my hometown while creating passive income

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

MLS

How did you finance this deal?

Local credit union

How did you add value to the deal?

Still in progress but we will be remodeling and updating electrical, plumbing and everything else

What was the outcome?

Still in the works

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

Purchased through the sellers agent Vince O’Keefe he was great