Updated about 1 year ago on . Most recent reply
New Home Built and SOLD, 5100 Plus Square Feet
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $850,000
Cash invested: $500,000
Sale price: $2,250,000
Purchased , knocked down, built new from ground up
What made you interested in investing in this type of deal?
Market timing, properly acquired property, personal capital available
How did you find this deal and how did you negotiate it?
Local real estate broker
How did you finance this deal?
Self financed
How did you add value to the deal?
Performed as the GC
What was the outcome?
Lucrative.
Lessons learned? Challenges?
Buying right is critical as is timing
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Another discussion.
