Shankland Home Project

[Michael Frabotta]

Investment Info:

Single-family residence other investment in Willoughby.

Purchase price: $47,000
Cash invested: $315,000
Sale price: $442,500

Bought old house and demolished. Build new single family home.

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

Great Area and Across the street from High School

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

MLS and with a realtor

How did you finance this deal?

Private Lender

How did you add value to the deal?

Built new

Lessons learned? Challenges?

Build during the pandemic

[Tanner Sherman]

Congratulations on your success with this project! Beautiful home and I really love the strategy of out with the old, in with the new! This goes to show that there is profit to be made when you can look past an ugly house and really find the highest and best use for a piece of property.