Updated over 6 years ago on . Most recent reply
Theresa Project in Austin Texas
Investment Info:
Single-family residence other investment in Austin.
Purchase price: $425,000
Cash invested: $85,000
https://www.alexanderresidential.com/808-theresa
Lot acquired and developed mid 2019- not listed yet but 4/1/2020 completion.
What made you interested in investing in this type of deal?
Hot market in Clarksville (a block off W 6th street in Austin Tx)
How did you find this deal and how did you negotiate it?
off market
How did you finance this deal?
bank 80% LTV
How did you add value to the deal?
GCed and provided avenue for design
What was the outcome?
Listing in 4/2020
Lessons learned? Challenges?
Although we still look to make a 20% + cash on cash return- I believe we over designed a little bit for this pricepoint.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Absolutely!
