New Construction Build

[Joseph Sortino]

Investment Info:

Small multi-family (2-4 units) other investment.

Bought property for $850,000 with 1 house on it. Sub divided the lot and sold original house for $525,000. Built 2 family home for approximately $400,000, plans, build etc. Sold new home for $1,050,000

Lessons learned? Challenges?

Property was across the street from protected area, we fell within 100ft of it, so we had some delays and additional costs for approvals