Single Family Home with a lot split
Yesterday, I funded and recorded on this beauty.
The general numbers look like this:
Purchase price 300k
Rehab 65k
Hard Money 25k
Engineering 15K
Total: $405,000
Anticipated Sale:
Home $450,000
Raw Land Sale after lot split $130,000
Profit:
About $150,000 after closing fees, I am an agent so I will save a little there.
This was on our MLS originally asking $350,000.
