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Updated about 5 years ago on . Most recent reply
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Single Family Spec Home
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
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@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.