Palm Springs SFR Ground-Up Construction Flip

[Austin Hutcherson]

Seeking investment capital for a vacant lot in Palm Springs, CA. Vacant lot being sold with approved plans for $290,000. I currently have the property under contract and have raised $125,000. This is a syndication deal with locked-in terms. 

Residence Overview

-  Mid-century modern residence 

- 2,605 sqft livable space (464 sqft attached garage)

- 3 bed, 2 bath (Optional 4 bed)

- Swimming pool

Target Capital Campaign: $385,000 ($125,000 currently raised)

Acquisition Costs: $300,000

Hard & Soft Costs: $1M

Holding Costs: $85,000

Sale Price: $1.8M (Comps strong for $1.8M-$2M)

Investor Metrics

- Return of collective $385,000

- Preferred Return of 8%

- 65/35 split of profits thereafter (65 in favor of investors)

General Notes:

- Roughly an ROI of 72% over a maximum 12 month hold period

Please message me if interested or email!