All Forum Posts by: Scott Kidd

Yes sir!

A networking event connecting Yacht and real estate professionals. No soliciting just networking and fun. All are welcome, from novice to expert. Come and have some fun networking regarding Real Estate and Yachts. Hope to see you all there. 

A networking event connecting Yacht and real estate professionals. No soliciting just networking and fun. All are welcome, from novice to expert. Come and have some fun networking regarding Real Estate and Yachts. Hope to see you all there. This month will be hosted by Ben Groenvelt - Mortgage Broker with decades of experience in mortgages - commercial and residential.

A networking event connecting Yacht and real estate professionals. No soliciting just networking and fun. All are welcome, from novice to expert. Come and have some fun networking regarding Real Estate and Yachts. Hope to see you all there. This month will be hosted by Ben Groenvelt - Mortgage Broker with decades of experience mortgages - commercial and residential.

Yes it is a little hard to get to we are looking going to be moving to another venue next month. Sorry for the delayed response

 Yes, all are welcome

Investment Info:

Large multi-family (5+ units) buy & hold investment in West Palm Beach.

Purchase price: $720,000
Cash invested: $175,000
Sale price: $1,250,000

8 unit apartment, Value Add. Sold

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

It was a great up and coming area, with a large value add for a decent equity gain

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

Networking.

How did you finance this deal?

Bridge loan

How did you add value to the deal?

Rehabbed some of the units, cleaned and painted the exterior.

What was the outcome?

Sold for a decent profit

Lessons learned? Challenges?

It is good to have options, never regret selling for a profit.

No problem we do it every month and we are expanding to Miami, West Palm beach and Stuart coming soon. our next one is in  West Palm on the 18th and 28th in Fort Lauderdale.

A networking event connecting Yacht and real estate professionals. No soliciting just networking and fun. All are welcome, from novice to expert. Come and have some fun networking regarding Real Estate and Yachts. Hope to see you all there. This month will be hosted by Ben Groenvelt - Mortgage Broker with decades of experience mortgages - commercial and residential.

 Great, please come we meetup the last Thursday of every month.