All Forum Posts by: Marcelo Dob

Looking for past experience to map my way forward. Husband and wife with ongoing investments.

Marcelo D.

Try to connect to a wholesaler to find 1/4 or 1/3 acre city lots to build duplexes/quads.

Also, multifamily prop. in distress

Yeah, I believe is a good strategy depending on the loan you're putting together. I've got a construction loan each time. Mod Building if done right cuts your carrying cost and your installation time making it more affordable. I have built a few modular single family homes in Virginia using different manufactures. The decision making process is in the front end of things but after the set becomes easier. I'm building 3 at the same time during this summer.   

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $615,000
Cash invested: $630,000
Sale price: $1,500,000

New Construction

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $450,000
Cash invested: $650,000
Sale price: $1,600,000

New construction of single family

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $450,000
Cash invested: $680,000
Sale price: $1,380,000

Bought a tear-down prop. Demo'd it and build a new 6,200 sq ft single fam. home (modular construction). Lived in it and sold it a few years later.

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

Call the owner and proposed the deal.

How did you finance this deal?

construction loan

How did you add value to the deal?

New costr.

Lessons learned? Challenges?

Don't keep your investment any longer after it matures.

I'd like to know the cost of building the townhome pad ready to set 8-10 new townhomes. I'd include:

Development and design.

Permits

Street and walks.

Driveways and foundations (for garage and house without basement)

Utilities stabs for sewer, water, gas, power, cable

 And any other factor I'm forgetting.

Thank you.