Small multi-family (3 units) development in a 3th world country

[Allan Areano]

Investment Info:

Small multi-family (2-4 units) other investment.

Cash invested: $300,000
Sale price: $450,000

This is the first project developed entirely by our small family owned business. We designed, built and sold the whole project.
In the process, we got more than a 1,000 client leads.

Now looking for investors for new projects!

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

My family owned a small piece of land in a very well located neighborhood and convince them to develop de project.

How did you finance this deal?

It was financed by the bank, It took a lot of effort to convince them since this was our first project ever developed by us.

How did you add value to the deal?

By design, location, solving specific needs of the Real State Market in Tegucigalpa, Honduras.

Lessons learned? Challenges?

Honduras is a beautiful but challenging third world country but once you get to know the Pros and Cons there is a new world of opportunities. Earnings ain't nearly as high as in the US but on the other hand, you still make decent money and bring food to a lot of needed tables, that´s fair enough for me.