Florida Hard Money Deal - Active

550

1 deal

No

Fernandina Beach

Florida

$100,000

$95,000

$150,000

$275,000

The down payment is the collateral of the land I purchased and Owned the deed it is a 0.56 ac lot on a small creek with a potential dock permit in process in Fernandina just off Amiela Island in May for $100000 in a growing area. Since my purchase, my neighbor with a 1 ac lot just cleared and added dirt and put it on the market for 1.2mill and the two other properties across the creek are undeveloped for sale also. I am a self-employed/business owner handyman in the construction field and my wife and I are working on our GC and Real estate license until then we are getting multiple quotes and have friends who are licensed real estate agents and GC for the projects I purchased the property with cash and would I have already cleared the underbrush and got an address and grading permit from the county. I will be doing most of the work myself the plan is to complete the grading and put a 1700sq ft house or smaller on the lot and flip the house for around $275000 in less than a year or $50000finish grading and sell land for $150000.