Wetmore new build
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $290,000
Cash invested: $550,000
Sale price: $1,200,000
Purchase price: $290k
Build cost: $550k
Sold: $1.2mil
What made you interested in investing in this type of deal?
Strong end buyer interest in area
How did you find this deal and how did you negotiate it?
Off market
How did you finance this deal?
PML capital
How did you add value to the deal?
Sourced off market, planning, father built with development crew, self listed once complete.
What was the outcome?
Successful deal, $300k+ net profit
Lessons learned? Challenges?
Always get a pre inspection done once complete. Radon levels were high after end buyer completed inspections.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Myself as the agent, my father as the builder.
