new development in red hot area

[George Marsh]

Investment Info:

Small multi-family (2-4 units) private money loan investment.

Purchase price: $250,000
Cash invested: $150,000

owns vacant land and shovel ready plans to build 4-3-unit buildings. seeking loc to finance construction

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

it is in a very hot real estate area.

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

blessed with relationships

How did you finance this deal?

hard money which is 90% paid off

How did you add value to the deal?

soft costs

What was the outcome?

need construction finacing

Lessons learned? Challenges?

ive been working this deal for 3 years and have many lessons learned

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

yes i think i have a good one