Horseshoe Bay, Texas Buying Opportunity
Investment Info:
Single-family residence hard money loan investment in Horseshoe Bay.
Cash invested: $40,000
Beautiful brand new construction on DOUBLE lot in Horseshoe Bay West! https://www.zillow.com/homedetails/1404-Fault-Line-Dr-Horseshoe-Bay-TX-78657/2066469395_zpid/?
What made you interested in investing in this type of deal?
I wanted to start my own business since I have a passion for homebuilding.
How did you find this deal and how did you negotiate it?
I located the lot and went to several banks until I got approval.
How did you finance this deal?
Hard money.
How did you add value to the deal?
I brought my expertise and knowledge of the industry to the deal.
What was the outcome?
House is waiting to get sold at the moment.
Lessons learned? Challenges?
I would do a traditional construction loan or go into the hard money loan with more capital.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes.
