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Updated about 5 years ago on . Most recent reply

User Stats

40
Posts
17
Votes
Curt Neider
  • Lender
  • Salt Lake City, UT
17
Votes |
40
Posts

Single Family Spec Home

Curt Neider
  • Lender
  • Salt Lake City, UT
Posted

Investment Info:

Single-family residence fix & flip investment in Bluffdale.

Purchase price: $165,000
Cash invested: $335,000
Sale price: $740,000

Single Family Spec Home.

Most Popular Reply

User Stats

40
Posts
17
Votes
Curt Neider
  • Lender
  • Salt Lake City, UT
17
Votes |
40
Posts
Curt Neider
  • Lender
  • Salt Lake City, UT
Replied

@Anson Young

Thanks for asking! I’m still getting used to the platform so pictures might take a minute. 🧐

No problems with design as we designed it ourselves and are familiar with city permitting requirements. I think on this one, we had a plan into the city before closing so we were in the ground within two weeks. Total build was about 8 months because I self performed a few (too many) trades. It was a good lesson though because on earlier houses I really saved a lot of money through DIY. It was the same on this one, but since I am at a different point in my career it was less impactful to me personally and I can now weight the interest cost compared to the DIY. I don’t think I would do a single trade on the next one.

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