Hawaii: New Construction Flip

[Kahanu Noa]

Investment Info:

Single-family residence other investment in Kamuela.

Purchase price: $130,000
Cash invested: $230,000
Sale price: $480,000

New Construction
Target buyer: First time home-owner in Hawaii
Sold at $480,000 when comps sold at $520,000

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

1) Utilizing personal experience from building my own home then helping family & friends navigate process of building their own homes to starting a development company.
2) New Construction at a price that a first time home buyer can afford and raise a family
3) Providing jobs and employment
4) Creating win-win situations
5) Working with family

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

MLS
Realtor placed offer for vacant lot

How did you finance this deal?

Cash, Partner and Commercial Line of Credit for Construction

How did you add value to the deal?

Deal
Finance
Project Management
Sale

What was the outcome?

Target Met
New SFR - Sold

Lessons learned? Challenges?

Pre-project planning is essential to mitigate issues.
Open communication between subcontractors and team members is necessary for growth of everyone

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Sure... please PM me