Pittsburgh Modular Build

[Joshua Stroup]

Investment Info:

Single-family residence other investment.

Purchase price: $85,000
Cash invested: $330,000
Sale price: $689,000

Ground-up new construction of a SFR modular home. After 24 days in factor, the modules were delivered to the jobsite. We assembled the home in under 12 hours.

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

We believe strongly that modular construction represents the future of the construction industry. One of biggest problems facing developers and investors is the lack of quality labor available. In addition to lack of supply, rising labor costs continue to erode developer profits.

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

Due to the increased complexity of new construction, vacant land does not see the same level of competition as traditonal 'fix and flip' / distressed properties.

How did you finance this deal?

Hard money.

[Joshua Stroup]

Sure!