All Forum Posts by: Adrian Lemus

Quote from @Adrian Lemus:

Investment Info:

Single-family residence hard money loan investment.

Purchase price: $30,000
Cash invested: $75,000
Sale price: $455,000

From a Vacant lot to a Brand New Single Family residence.

What made you interested in investing in this type of deal?

The market

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Hard Money Loan

How did you add value to the deal?

Built a SFR

What was the outcome?

Selling

you built a SFR for $75,000?

Hello All! How is market looking now in March 2025? I would like to know the good, bad and ugly? Thanks!

Hello- also in a longterm build in Cape Coral for new construction. Current status is that the Dept of Health has not yet issued the Septic Permit yet. This has been ongoing since August. I am visiting CC later this month, and will call again this week. 

Is there any benefit to visiting DoH offices in person? When calling or visiting, are there any suggestions to get them to expedite this?  I know the average turnaround for Septic Permit has been 10-12 weeks, but we are now at 20 weeks, which seems excessive.

If anyone has experience with this, would welcome any suggestions.  Thank you. 

 I got a quote to build - I need another $80K cash at least.  I'm not going to do that and hope for the best.

It's not likely that with the number of lawsuits already out against Blacktip, there is going to be anything worth fighting for. It's throwing good money after bad. I got out of my contract. If you need the lawyer's name let me know.

So now I'm sitting on owning an empty lot and still making loan payments. There is no way I can build this and come out overall profitable. Costs are too high and I'm into this for over 100K.

I have feelers out for someone who might accept my lot as participation for an equity agreement in a new build. If you know anyone, let me know!

Used to work with investors over there as a wholesaler. Happy to connect you to investors I know.

Hi,

I have a lot with approved plans to build a 1580 sq ft house in Oakland Park Florida.

I’d like to work with a reputable builder. Any recommendations is welcome.

Cheers!