New Construction Build

[Joseph Sortino]

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $550,000
Cash invested: $800,000
Sale price: $2,200,000

Bought property with existing 1 family home, demolished the home and built 2 - 2 family homes which we sold for approximately $1,100,000 each

What made you interested in investing in this type of deal?

My main concentration has been on new construction builds. I know the price point in my area and square foot cost to build here

How did you finance this deal?

all cash