Updated about 9 years ago on . Most recent reply
Vacant lot ready for 2 Homes in Tampa available for Joint Venture
This land is currently vacant and located in the blooming Port of Tampa area.
Seller wants to get 100k out of each lot and is willing to take joint venture terms to get it.
This is a great opportunity for a cash shy GC to get into spec building. You'd only need to make payments on your construction loan.
Pro Forma:
Sale Price: $400,000
Construction Cost: $190,000 (2500 sq ft at $75/ft).
Land: $100,000
Closing Costs: 32,000
Profit (before holding costs) $78,000
Offering