New Construction Home in Willow Glen, CA Sold Pre-Market

[David Herrera]

Investment Info:

Single-family residence fix & flip investment in San Jose.

Purchase price: $640,000
Cash invested: $875,000
Sale price: $1,792,000

New Construction Project Purchased, Built and sold for a profit by my company, DMJ Home Solutions, LLC
This project was sold pre-completion and off market for over asking price

What made you interested in investing in this type of deal?

Old town willow glen was an up and coming area of willow glen that had not yet seen the crazy spikes of high priced homes
This purchase opportunity was further enticing because it was available with approved plans from another developer.

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

I was searching Zillow for FSBO

How did you finance this deal?

Hard Money Lender in 1st lien and private money lenders in 2nd lien

How did you add value to the deal?

This was a new construction project

What was the outcome?

18% Net ROI