Updated almost 2 years ago on .
Triplex build and sell with private money
Investment Info:
Townhouse private money loan investment.
Purchase price: $64,000
Cash invested: $600,000
Sale price: $925,000
Bought the land, built a tri plex with each unit at 3beds, 2bath, short term rental capability
What made you interested in investing in this type of deal?
New construction opportunity
How did you find this deal and how did you negotiate it?
Off market deal, found it by networking and cash closing
How did you finance this deal?
Private, cash investor
How did you add value to the deal?
Market knowledge for PCB rental market and fair offer to Seller
Lessons learned? Challenges?
Had to complete project before and a cat 5 hurricane, definitely slowed the project, contractors hard to find, took some hits however we persevered, never quit
