Another new build in Charleston SC sold in one week see link

[Jay Hinrichs]

http://www.flexmls.com/cgi-bin/mainmenu.cgi?cmd=url+other/run_public_link.html&public_link_tech_id=1alvy1yrs8ot&s=18&id=1&san=10895&cid=1

62 Poplar..

deal points..

Bought lot 1 year ago.. if memory serves  125k ish all cash

1500 sq ft.. custom  see picks

200k to build

30k 5 % total commish 

5k closing costs 

45k  Capital partner

all in  385k   Say 500k

Net 155k or so .. Almost 30% gross profit  that's about as good as it gets for us.. can't do anywhere near that well in Oregon.. 15 to 20% is norm in ORegon.. but we do 30 a year.

[Audrey Ezeh]

Originally posted by @Jay Hinrichs:

@Audrey Ezeh  Thank you Audry my GC in Charleston Is Amazing as well as my Real Estate broker.. Husband and Wife Team.. some of the best I have ever worked with.. and me being a broker for 40 some years I have worked with more than a few..

 Wow that's high praise! Nothing like a great team on your side in this business. I am rehabbing one side of a duplex right now and so far I am really happy with my GC. I found him through a really good property manger and i hope to work with him long term!

Wishing you more great deals this year!