New Home Construction in Iconic Bellaire TX!

[Hadi Mehdi]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $275,000
Cash invested: $300,000
Sale price: $1,300,000

Luxury build in the city of Bellaire, ongoing project.

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

The incredible amount of profit on the upside, Iconic Bellaire demand, Passion for creating & building

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

It was available on MLS, we made an offer under-asking on Friday, they accepted it Monday.

How did you finance this deal?

Private Money

How did you add value to the deal?

Being the heart & soul of the project from start to finish. Transparency, daily & weekly updates and follow-up with all concerned parties. Building long term partnerships and not a one time deal.

What was the outcome?

Incredible return, continued relationship with investor on new deal.

Lessons learned? Challenges?

Incredible lessons learned on how detailed the city of Bellaire requirements are, working in the floodplain, balancing multiple projects and scaling the business.

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

Yes