Updated about 5 years ago on . Most recent reply
Hawaii: New Construction Flip
Investment Info:
Single-family residence other investment in Kamuela.
Purchase price: $130,000
Cash invested: $230,000
Sale price: $480,000
New Construction
Target buyer: First time home-owner in Hawaii
Sold at $480,000 when comps sold at $520,000
What made you interested in investing in this type of deal?
1) Utilizing personal experience from building my own home then helping family & friends navigate process of building their own homes to starting a development company.
2) New Construction at a price that a first time home buyer can afford and raise a family
3) Providing jobs and employment
4) Creating win-win situations
5) Working with family
How did you find this deal and how did you negotiate it?
MLS
Realtor placed offer for vacant lot
How did you finance this deal?
Cash, Partner and Commercial Line of Credit for Construction
How did you add value to the deal?
Deal
Finance
Project Management
Sale
What was the outcome?
Target Met
New SFR - Sold
Lessons learned? Challenges?
Pre-project planning is essential to mitigate issues.
Open communication between subcontractors and team members is necessary for growth of everyone
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Sure... please PM me
