All Forum Posts by: Adrian Lemus

Good evening,

My last 3 builds took 9 months each once Permits were issued. There was a month of separation between them. I’m finishing up another one this month. I did get delayed a lot since my builds are usually 3-4 months. 

On my next builds, I’m calculating that it will take 12 months once permits are issued due to the Trusses.  

Investment Info:

Single-family residence hard money loan investment in West Palm Beach.

Purchase price: $35,000
Cash invested: $137,000
Sale price: $349,900

One of my private investors had this lot he purchased back in 2012. He didn't know what to do with it because of it's odd location and the shape of the lot. He showed me the survey of the lot and I proposed to him to build a SFR on it. After he slept on it the next day he told me lets get it done. This build took me 28 days for permits and 7 weeks to finish. The following week he had it sold with a nice profit at the back end of it.

Investment Info:

Single-family residence hard money loan investment.

Purchase price: $88,000
Cash invested: $256,750
Sale price: $460,000

Bought a Vacant lot and Built a New SFR

Investment Info:

Single-family residence hard money loan investment in Loxahatchee.

Purchase price: $95,000
Cash invested: $380,000
Sale price: $703,000

Bought Vacant land and build a New SFR

Investment Info:

Single-family residence hard money loan investment.

Purchase price: $95,000
Cash invested: $380,000
Sale price: $699,900

Bought another Vacant lot and had us build our most favorable model, The Floridian

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

Bigger profits

How did you finance this deal?

Hard Money

Investment Info:

Single-family residence hard money loan investment.

Purchase price: $95,000
Cash invested: $366,000
Sale price: $684,900

Brand New Construction - A Vacant lot and turned into this!

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

Building New Construction Homes is one of the most satisfying things I love to do! Seeing a vacant lot turn into this!

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

Looking through the MLS, I let my realtor negotiate for me.

How did you finance this deal?

Bought the vacant land outright and the Build was through a Hard Money Lender

How did you add value to the deal?

Building a SFR on a vacant lot

What was the outcome?

Built the house for $125 a Sqft and on the market now for $684,900

Lessons learned? Challenges?

There are always new problems that comes up, but every problem always has a solution!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes, Jonathan Martinez with Lifestyle

What are you looking to do? 

Everything is overpriced! As I mentioned on a reply from a different post, there's only one place to find great deals but its a Risk, and if there's no risk there's no reward. 

Everything down here is overpriced which is great for us living down here and working the market. There is only one way to get these places cheaper but its a risk. But then again, no risk no reward. I actually believe and seen that the area does not really matter, anywhere you buy you will not have a problem selling/renting/leasing. 

Investment Info:

Single-family residence fix & flip investment in West Palm Beach.

Purchase price: $35,000
Cash invested: $137,000
Sale price: $349,900

One of my private investors had this lot he purchased back in 2012. He didn't know what to do with it because of it's odd location and the shape of the lot. He showed me the survey of the lot and I proposed to him to build a SFR on it. After he slept on it the next day he told me lets get it done. This build took me 28 days for permits and 7 weeks to finish. The following week he had it sold with a nice profit at the back end of it.

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

Helping out my investor and the challenges it had.

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

My investor brought it up in a conversation.

How did you finance this deal?

Private Investor

How did you add value to the deal?

We build a SFR on a vacant lot

What was the outcome?

The outcome came out better than expected with the sell price.

Lessons learned? Challenges?

Every problem has a solution!