Updated about 7 years ago on .
Attempting Townhome Subdivision
Investment Info:
Large multi-family (5+ units) other investment in Raleigh.
Purchase price: $29,000
Cash invested: $15,000
Townhome subdivision, raw land
What made you interested in investing in this type of deal?
Got a great deal, made an offer 5 minutes after it came on the MLS, went under contract, had 3 offers that same weekend afterwards
How did you finance this deal?
Cash, personal
How did you add value to the deal?
Trying to subdivide it (it’s zoned for 5 townhomes)
What was the outcome?
Still in progress, might sell it off to builder or investor
