Move in 2 Bedroom 2 Bath Tenants in waiting List

[Luis Perlish]

Investment Info:

Condo buy & hold investment.

Purchase price: $155,000
Cash invested: $155,000

2 Bedroom 2 Bath ready to move in with tenants in waiting list (will save at 1 year CapEx). $1500 monthly rent/opportunity to increase rent.

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

Unit located in a 7 building complex with a rare 6.82% ROI ($898 cash flow) in Miami which is very hard to find. Later will refinance, pulled my capital out and reinvest.

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

I bought another apt in the same complex back in April 2020. Seller offered it to my Realtor first before active in MLS.

How did you finance this deal?

Cash offer

How did you add value to the deal?

Cash offer seal the deal.

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

Yes I did.