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Updated over 2 years ago on . Most recent reply

User Stats

135
Posts
47
Votes
Adrian Lemus
  • Contractor
  • West Palm Beach, FL
47
Votes |
135
Posts

Another great Build of our Floridian Model

Adrian Lemus
  • Contractor
  • West Palm Beach, FL
Posted

Investment Info:

Single-family residence hard money loan investment.

Purchase price: $125,000
Cash invested: $366,000
Sale price: $750,000

New Construction of our Floridian model. Even with the Market being in doubt this model sold right away and the ROI was GREAT!

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

New Constructions are always satisfying.

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

Through my Realtor

How did you finance this deal?

Hard Money Loan

How did you add value to the deal?

Building a New SFR on a vacant lot

What was the outcome?

ROI was great!

Lessons learned? Challenges?

Working through all the doubt of the Market and seeing it through

Most Popular Reply

User Stats

135
Posts
47
Votes
Adrian Lemus
  • Contractor
  • West Palm Beach, FL
47
Votes |
135
Posts
Adrian Lemus
  • Contractor
  • West Palm Beach, FL
Replied
Quote from @Don M.:

@Adrian Lemus That's awesome!  How long did the whole process take?  Nice property.


 Build usually take me 3-4 months after permits are approved if we get the ducks in a row from the beginning. 

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