My bicycle trip – Day 2
The second day of my bicycle trip took me through central Florida. It's pretty nice in there. Lot's of fields and cattle. Some pine forest and swamps. And some nice…
The second day of my bicycle trip took me through central Florida. It's pretty nice in there. Lot's of fields and cattle. Some pine forest and swamps. And some nice…
So, I felt like getting out and about for a bit so went on a bike trip. I started off here on the coast of the Mexican Gulf outside Tampa,…
Nice ones at that. There are two duplexes with one 2 bed, 1 bath and one 1 bed, 1 bath in each house. I posted some photos of them here on the blog earlier, but I think you might get a better idea of it all in this video from our walk around the place:
I am honestly pretty proud of what we did, me and Rachel. These two duplexes are now in really good condition. There is also a smaller house in the back of the property which is rented by a very kind and quiet old man. We then have two more houses down the street, both rented to nice and clean younger men.
If we get everything rented, which we should since there is already a long list of people wanting to move in, we should be getting a 25% return on investment. That is really spectacular and makes me very happy to say the least. We spent $ 155 000 buying all the houses. Another $ 15 000 on fixing them up. $ 170 000 total. Rental income should be just over $ 4 000 a month.
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So, here it is. The third of the four units. This one is in the duplex with the red doors. I love the colored doors by the way. And it…
A 1 bed, 1 bath unit for approx. $600/month. So there is one 1 bed in each of the two duplexes. We will keep one of them for ourselves while…
Not developed by me, sadly, but still to my advantage. The whole area is under construction and I love walking around looking at their progress. The road is Old Dixie HWY and the area is called Sun West. The development plan is to build some 2 500 houses, restaurants and a golf course, meaning it’s a major project!
How is this to my advantage?
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By the look of things we might be buying two mobile homes that comes with a house and a piece of land here in Florida. Mobile homes exist all over…
It starts in the morning. I have been slacking in the morning. I need to get back to fruit and vegetables. Less bread. Starts tomorrow. Better breakfasts and some walks…