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Updated 11 months ago,

User Stats

11
Posts
6
Votes
Travis Hinnant
  • Contractor
  • North Carolina
6
Votes |
11
Posts

Bought a lot built a house for sale 57 Days

Travis Hinnant
  • Contractor
  • North Carolina
Posted

Investment Info:

Single-family residence other investment in Rembrandt.

Purchase price: $10,500
Cash invested: $113,000

New construction project. Built in 57 days. Going to list it tonight on the MLS. Asking $227,000. We'll see how it goes.

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

I love taking lots that have been on market for a while and making the deal work

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

Driving and scouring the mls

How did you finance this deal?

Cash

How did you add value to the deal?

Took a lot that I bought for $10,500 and built a single family on it in 57 days

What was the outcome?

Just listed it….we’ll see

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

My partner is a realtor. She’ll list it and we’ll rinse and repeat