Investment Info:
Single-family residence other investment.
Purchase price: $515,000
Cash invested: $960,000
Sale price: $1,850,000
New Construction development,
What made you interested in investing in this type of deal?
Dallas is a city with a lot of potential to invest in real estate.
How did you find this deal and how did you negotiate it?
I did find this deal driving driving for dollars, the realtor of the property was adding his sign in the front yard, I approached to make and offer. we close in 3 weeks.
How did you finance this deal?
Driving for dollars
How did you add value to the deal?
We scraped the old house and we build new home, where the houses are selling close to the $1.8M
What was the outcome?
Great investment, a lot of learning, and a good ROI
Lessons learned? Challenges?
In neighborhood it is very important to present your self to the home owner next to you, this helps a lot to prevent misunderstandings. also this shows your professionalism.
