New Constructions homes in the Carolinas

[Alex Franks]

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.