Updated almost 2 years ago on .
Workforce Housing entitled land flip
Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $350,000
Cash invested: $250,000
Sale price: $2,000,000
Entitled land flip. 70 workforce housing units and 8300 sf of commercial space.
What made you interested in investing in this type of deal?
Part of what I do in developing units. Sell a few entitled projects for quicker cash
How did you find this deal and how did you negotiate it?
Found it myself and used Live Local Bill to get it entitled.
How did you finance this deal?
Private Money
How did you add value to the deal?
Entitlements
What was the outcome?
Under contract for 2M
Lessons learned? Challenges?
Do a lot more
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Myself