Atlanta, GA · Member since 2017 · 45 posts · 6 votes
Kirkwood Renovation/ New Construction Opportunity. House under contract worth 1.1 Million in Kirkwood overlooking Coan Park. Why? How? Agree?
The reason being is because the house also comes with a lot that have been subdivided for new construction. So it will be doing a renovation project and a new construction project. This is a chance to get creative and do some big things.
With an Opportunity like this would you do a modern build or a traditional build on the lot?
Also is 250k Gross profit enough for a project this size?
Atlanta, GA · Member since 2017 · 45 posts · 6 votes
8y
Purchase is 500k for the package. I am thinking 70k or less into the renovation side of the deal and a 280k budget for the clear out and new construction cost.
How much more gross/net profit do you think is needed on a deal like this? @Patrick Miller