Updated over 8 years ago on . Most recent reply
Tear Down and Scrapes: Was this property a money-maker?
Check out this example of a teardown in Denver. I'm trying to figure out what sort of profit this type of deal produces.
The deal: Purchase a property for $544K, tear it down and build a 5729 square foot property that has top of the line everything and sell it for $1,549,00 in 11 and half months.
What do you think? Did this investor make money? If so how much do you think they made?
I've attached the details below (I apologize for the screenshots but not allowed to put links on here).