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Updated about 6 years ago on . Most recent reply
past investment post
Investment Info:
Small multi-family (2-4 units) commercial investment investment in San Diego.
Purchase price: $695,000
Cash invested: $550,000
Sale price: $2,750,000
Ground up development in Point Loma. 4 town homes.
How did you finance this deal?
traditional construction lender. 5.75%
How did you add value to the deal?
Demolished old building and built 4 new town homes.
What was the outcome?
successful profit for investors 17% return.
