The Weekly Deal of a Lifetime

Lombardi Residential is a buy and hold company, but occasionally, it just makes sense to sell. Today we sold a property we owned in Brick, NJ. It is a waterfront single family home that was purchased for $450,000. The home needed some work to the kitchen, electric, and HVAC, so we had to put in an additional $28,000. The bank gave us $400,000 of financing so our net investment was $78,000. It sold today for $650,000 returning over $148,000 to our investors after closing costs and commissions. This is a gross return of 189% to our investors.

Deals like this are not uncommon if you have the right team working on finding them and executing them properly. They say that the deal of a lifetime comes around about once a week, but the truth is, it comes around more often than that.

If you are interested in getting involved in future deals, click here to fill out our investor interest form. We will notify you as future deals come available.