Multiplying my income by building.

[Zachary Stanley]

Investment Info:

Single-family residence other investment in Rochester.

Purchase price: $435,000
Cash invested: $10,000

I am building this home for $285,000 and will sell for around $430,000. I will use this cash to hopefully be able to buy two other homes this year. I am using capital to exponentially grow my capital to then give me investments.

I make interest only payments on a construction loan for less than a year which will be less than $10,000. Then sell the home for a big profit hopefully around $100,000 or so after closing costs and real estate fees. So this will more than 10X my initial investment.

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

Learning how to build and being able to multiply my income.

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

I know how to build so I found a lot here in Bella vista Arkansas and started building a home.

How did you finance this deal?

1 Year construction loan locked in at a 5.5% interest.

How did you add value to the deal?

Built a home on raw land.

What was the outcome?

Hopefully a big profit.

Lessons learned? Challenges?

It sounds easy on paper but building comes with a lot of challenges and trying to time the market for the selling of the home.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Im a real estate agent.