New Constructions homes in the Carolinas
Investment Info:
Single-family residence other investment.
Purchase price: $55,000
Cash invested: $240,000
Sale price: $369,000
We buy and build New construction homes in the Carolinas
What made you interested in investing in this type of deal?
We are building quite a few homes. When the market tells you what to do you need to listen
How did you find this deal and how did you negotiate it?
All in for $240k including the lot. I have 19 lots I put under contract or have options on
How did you finance this deal?
Privately raised capital
How did you add value to the deal?
Building brand new homes on a vacant lot
What was the outcome?
Great house almost finished
Lessons learned? Challenges?
Had to build a solid team around me so we can start 3 new homes a month here in the Carolinas mostly on SC side
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I build my own teams and houses presell.
