New Construction Duplex

[Chad Nabors]

Investment Info:

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

Purchase price: $40,000

New construction duplex in vandalia ohio. My first new build. Huge learning curve but such an amazing experience.

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

The land had been sitting on the market for a few years and we got it for a great price. We actually have two lots will be building the second duplex later this year. The lots are in a existing neighborhood that the original developer did not complete.

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

MLS.

How did you finance this deal?

Cash

How did you add value to the deal?

New construction

What was the outcome?

Selling on the open market

Lessons learned? Challenges?

New construction was new territory for me. Learning blueprints and surveying land was a huge step. Developing relationships with framers and foundation crews. Every step of the process besides the finish work was different than flipping a home.