Update - Everything Went Wrong

[Devin James]

Everything went wrong with this investment:

   - Took 4 months longer than expected

   - Cost $10K more to build than we anticipated

   - Sold for $20K less than we anticipated

We still profited with a 30% return on equity

This is why I love Real Estate Investing

When you do your diligence and stay conservative with your numbers, it takes something really bad to lose money.

Here was the original post:

My siblings and I are building a home in North Port, FL.

Here are the numbers:
- Finished Home Value: $412Kish
- Land Cost: $19,750.39
- Construction & Permitting Costs: $304,897

Additional costs:
- Environmental Site Assessment
- General Liability Insurance
- Builders Risk Insurance
- Construction Financing

We will be listing the home this week

Photos coming soon!!