Updated over 4 years ago on . Most recent reply
Wylie TX 22-Unit Development
Investment Info:
Large multi-family (5+ units) other investment in Wylie.
This is a 22-unit development. I bought the land, entitled it, and am moving forward with a Joint Venture to build it now.
What made you interested in investing in this type of deal?
The zoning was in place for the project already, I just had to complete entitlements and move forward with construction.
How did you finance this deal?
Through our JV-50 program. The "investor" actually became a partner in the LLC that owns the land. They are entitled to 25% of the profits after the buildings are built and sold.
How did you add value to the deal?
Entitlement of the land.
