Investment Info:

Townhouse fix & flip investment in Hollywood.

Purchase price: $275,000

Cash invested: $45,000

Sale price: $400,000

Contributors:
Adam Schooley

This townhouse,...

I buy and sell real estate notes.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

Quote from @Brian Rocha: I'm looking to secure a HML for a fix n flip in Florida and for now and am only looking to secure for the purchase price only and handle the rehab costs myself.

Investment Info:

Townhouse fix & flip investment in Hollywood.

Purchase price: $275,000

Cash invested: $45,000

Sale price: $400,000

Contributors:
Adam Schooley

This townhouse,...

Investment Info:

Townhouse fix & flip investment.

Purchase price: $275,000

Cash invested: $45,000

Sale price: $410,000

Contributors:
Adam Schooley

This townhouse, which had go...

Investment Info:

Townhouse fix & flip investment.

Purchase price: $275,000

Cash invested: $45,000

Sale price: $410,000

Contributors:
Adam Schooley

This townhouse, which had go...

Welcome to Bigger Pockets and love see local folks getting into real estate investing!

While I understand appreciation isn’t something I should necessarily bank on, but I am looking to hold for the long term and eventually relocate to the FL.

Please see the rough numbers below :Tear down house price 350k,Construction cost 165 sqft * 2 build=627k too much for the land unless your exit is 3 million. don't reinvent the wheel. no single family home builder is paying 300k for land. that's miami florida prices where I live. we buy land 50k and under in Columbus Ohio. keep land at less than 10% of after built value.