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Looking to buy a property in Floriday in 100-200k range purely for investment

Looking to an area where the property could be easily rented out for max return.
Suggestions for such properties would be welcomed.
  • August 19 2013 - US
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Answers (2)

Profile picture for user2200208
Hi,

My name is Mike HIll and I am a wholesaler specializing in investment properties in South Florida. I get some of the deepest discounted properties in our area and currently have a CBS 3/1 income generating property in East Hollywood within a few blocks of i95. The property needs some work (interior updating and roof patching). Superb location located on the water with direct docking/boat access to the water in the backyard. Comps for similar properties are above $200k and it rents for $1650 per month. This property is being offered at $159,000. Address, photos and description can be found on my website at www.cashflowinghome.com. Call or text me with questions or viewing instructions - 561.444.8470

Regards, Mike 
  • August 20 2013
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Check market rents before buying the subject property
make sure the foundation and big ticket items are in good shape
ALWAYS have an inspection
Define your strategy, buy and hold or flip..these are very different strategies
Will this be cashed or financed?  Always have some cash on side after close
Get a good Realtor, they can help you identify good properties
  • August 19 2013
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