Bridgewater Community - 3 BR, 2 BA New Build

[Lucas Hunt]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $229,000
Cash invested: $45,800

New build in the growing area of Princeton, TX

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

Familiarity. This is the second new build I've purchased and negotiated against a builder

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

A knowledgeable realtor that knew the area very well. We negotiated 15k in closing cost credits along with a washer/dryer and fridge

How did you finance this deal?

30 year conventional note

How did you add value to the deal?

No renovations needed.

What was the outcome?

N/a

Lessons learned? Challenges?

Builders are willing to break even or even lose money on a home nowadays. I am going to target new builds in the future because the seller has less of an emotional tie to the property.

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

N/a