Land - New Construction Home Sale

[Katya Naydenko]

Investment Info:

Single-family residence other investment.

Purchase price: $320,000
Cash invested: $1,400,000
Sale price: $2,150,000

Purchased land, partnered with a contractor to build a home and sold at completion.

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

I work with a custom home design and build company.

What was the outcome?

Sold at highest price per square foot in the neighborhood. $70K over asking.