Updated over 3 years ago on .
From Vacant to Residential
Investment Info:
Single-family residence hard money loan investment.
Purchase price: $95,000
Cash invested: $366,000
Sale price: $684,900
Brand New Construction - A Vacant lot and turned into this!
What made you interested in investing in this type of deal?
Building New Construction Homes is one of the most satisfying things I love to do! Seeing a vacant lot turn into this!
How did you find this deal and how did you negotiate it?
Looking through the MLS, I let my realtor negotiate for me.
How did you finance this deal?
Bought the vacant land outright and the Build was through a Hard Money Lender
How did you add value to the deal?
Building a SFR on a vacant lot
What was the outcome?
Built the house for $125 a Sqft and on the market now for $684,900
Lessons learned? Challenges?
There are always new problems that comes up, but every problem always has a solution!
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes, Jonathan Martinez with Lifestyle
