E. Ave B New Construction

[Caleb Longino]

Investment Info:

Single-family residence other investment in Temple.

Purchase price: $8,060

Vacant city lot. Single family residence planned. Construction began July 2nd. Due to be complete by end of November. Bought with a second lot that was already subdivided. Nice new homes in an established area that is starting to see a lot of new investments.

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

Lot was for sale by owner. Completed deal outside of REA's directly with owner.

How did you finance this deal?

Private Money.

How did you add value to the deal?

Construction of new SFR.

What was the outcome?

Home will be for sale when complete

Lessons learned? Challenges?

Minor issues with utility plats and delays due to COVID-19. Overall a smooth process.