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Updated about 1 year ago on . Most recent reply

User Stats

737
Posts
619
Votes
Logan M.
Pro Member
  • Investor
  • Provo, UT
619
Votes |
737
Posts

Single Family Home with a lot split

Logan M.
Pro Member
  • Investor
  • Provo, UT
Posted

Yesterday, I funded and recorded on this beauty.

The general numbers look like this:

Purchase price 300k

Rehab 65k

Hard Money 25k

Engineering 15K

Total: $405,000

Anticipated Sale:

Home $450,000

Raw Land Sale after lot split $130,000

Profit:

About $150,000 after closing fees, I am an agent so I will save a little there.

This was on our MLS originally asking $350,000.

  • Logan M.
  • Loading replies...