Building the Best Quality Spec Homes

[Augustus Bukowski]

Investment Info:

Single-family residence other investment in Seattle.

Purchase price: $499,950
Cash invested: $195,000
Sale price: $1,692,500

Purchase existing home, build new SFR, pack full of design and custom quality finishes.

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

Building high end luxury spec homes is very fun. We will incorporate some of the high end finishes we try on our spec homes into our multi family portfolio.

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

It was on the MLS and no one wanted it.

How did you finance this deal?

Cash, then construction loan through local regional lender.

How did you add value to the deal?

We built a new SFR

What was the outcome?

Big win!