how fun! A very successful project during the Corona period!…
how fun! A very successful project during the Corona period!
New construction!
Took more than a year (!!!) to sell the house. It was clear that at such a price it could take time, so there was not too much panic even though the house had been on the market all these long months!
Total project cost: $ 593.
Sale at $ 905K
Profit: $ 249,885
Yield on the money after a year and a half: 42% (!!)
The buyer took out a hard cash and a construction loan, and financed 80% of the deal, on terms of 12% interest per annum plus 2% closing expenses.
The total cost of the loan until we sold the house was: $ 78,000
He received $ 475,000 from the bank
That is, he pocketed $ 118,000
The seller eventually spent: 78K + 118K
That is, the total he took out of pocket with ancillary expenses totaling $ 226.
The profit he has left, after the mortgage repayment, before tax, is $ 249,000!
That means a real return on money of 110% after a year and a half.
May everyone have a week of fire
— feeling happy.
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Cannon!
overpowering!
Lior Biton
Wow, you inspired me. overpowering
Beautiful House. The big winner from the project is the lender. Much less risky and while he was dealing with one project that could have been a failure he borrowed on all fours.
Tal Saadon Noam Nahum
Uriah is holy
How much is the profit after tax?
Amazing ! Did you use an architect / designer? Or alone?
fatal
Stunning !!!
Looks good. What is the exact address?
Elad Baron
And tastefully designed in a non-American way 😉
Normally without Corona what are the times of such a project?
Yoni Ifergan
Stunning
ILan Baigel
looking great ?
World Champion ???
A million dollars, good luck!
where is it? How much did the construction cost?
Orly Mizrahi Hadad
Stunning ?
Wow!