Build 4 Homes on 2 parcels

[Matt Marcus]

Investment Info:

Single-family residence commercial investment investment in Nashville.

Purchase price: $650,000
Cash invested: $210,000

This is a Build 4 property where we subdivided the lot and then since it's taken a couple of years we have been able to reap the rewards of higher sales prices that were not present when we bought them so our comps and our Profit margin has gone from a solid 5.2x to a 7x deal.