Might get caught on this one!

[Rj D.]

Investment Info:

Single-family residence other investment.

Purchase price: $36,900
Cash invested: $100,000
Sale price: $369,000

Just so you know this listing is still pending!! We are fighting the insane inventory boost and long market times in Florida!!!

Yikes - might get caught on this one!

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

New development with good strategy (at the time)

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

On market - vacant lot - seller credits because Gopher Tortoise

How did you finance this deal?

Hard Money

How did you add value to the deal?

New Construction

What was the outcome?

Pending!! The market is not playing nice...

Lessons learned? Challenges?

ARV's are not the only thing that can tank a deal. Since we started the market slowed to stagnant and the valuations dropped. We can still make money but we are just a dime a dozen in a buyers market with long listing times.