All Forum Posts by: Tyler B Starke

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Cape Canaveral.

Purchase price: $347,000
Cash invested: $90,000

4 Units a block off of Cocoa Beach

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

Multi-Unit Foreclosure

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

Loopnet, spoke with the agent and was able to negotiate based on the current state of the property.

How did you finance this deal?

Bank

How did you add value to the deal?

Complete renovation

What was the outcome?

Currently listed on 4 Rental Sites

Lessons learned? Challenges?

Zoning lessons, primary lessons learned having a satellite management. Understanding on to sync and list properties online.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $80,000
Cash invested: $10,000

Personal Residence with my girlfriend

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

Close to school, promising area.

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

We found it originally on Zillow, then we discussed financing options.

How did you finance this deal?

Through the bank.

How did you add value to the deal?

We have so far fixed up one bathroom, added new carpet/paint to the entire unit, fixed up the kitchen.

What was the outcome?

Currently using it to provide equity in Florida deal.

Lessons learned? Challenges?

Check into history of the HOA