Sub Market proof of concept build

[Ryan Cadwell]

Investment Info:

Single-family residence other investment.

Purchase price: $12,000
Cash invested: $60,000
Sale price: $290,000

Smaller market proof of concept for the lower side of the middle market. The surrounding area was exploding with 500k-1.2M homes, and this small quaint town offered a lot of local charm with a double lot we purchased for $12,000. Overall, we were able to create a new product, offering a first-floor Main Bedroom Suite and three additional bedrooms on the second floor. The product was great, and the price point worked wonderfully.

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

Proof of concept for the small submarket and providing a middle-class scattered lot built in a growing area.

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

Worked with our brokerage team.

How did you finance this deal?

One of our syndications and local lender.

How did you add value to the deal?

Providing the town with a new property on a vacant and abandoned lot.

What was the outcome?

It was a win/win for everyone involved.

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

Resolute Realty & Development