Real Estate Broker · Green Bay WI · Member since 2021 · 65 posts · 28 votes
Investment Info:
Small multi-family (2-4 units) commercial investment investment.
Purchase price: $75,000 Cash invested: $75,000 Sale price: $75,000
A large multi family lot, that I am building a large high end Duplex on. Then I will condo this duplex and sell, and move onto the next property.
What made you interested in investing in this type of deal?
To build a high end duplex, then condo this duplex and sell each half to an end user.
How did you find this deal and how did you negotiate it?
Builder partner. I was going to buy the entire subdivision but he passed away unexpectedly. Now, I have this one lot and will build it out and sell the two halves.
How did you finance this deal?
Cash
How did you add value to the deal?
Building on the land.
What was the outcome?
In the process
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?