Updated almost 6 years ago on .
New build single family
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $15,000
Cash invested: $15,000
Buy from bank as is . The city of Delaware has grant money to demo home free of cost to me . I plan to build new 3 bad 1 bath home on a block crawl space . I fill doing the project using my crew and only sub out the plumbing. I will have 35,000 in cost so 50,000 in a new 140,000 house . That will rent for 1300 per mouth .
What made you interested in investing in this type of deal?
Low cost to own a new home that has grate cash flow
How did you find this deal and how did you negotiate it?
MLS fast cash close
How did you finance this deal?
Cash
How did you add value to the deal?
Building a new home for 1/3 of Markit rate
What was the outcome?
A cash flowing new home
Lessons learned? Challenges?
Delaware city will rase a house for free and that make the permit process ez