Our Wholesale Price Per Square Foot
Gold Model
Wholesale Price: $225,000 Overall Built Square Foot: 1152 Price per Square Foot: $195.31
Premium Model
Wholesale Price: $255,000
Square Foot: 1310
Price Per Square Foot: $194.65
Overall Built Square Foot: 1692
Price per Square Foot for Overall Built: $150.70
Pricing & Payment Stages
Gold Model Total Price: $225,000
Payment 1 - Lot: $30,000
Payment 2 - Foundation & Slab: $40,000
Payment 3 - Surrounding: $40,000
Payment 4 - Roof & Framing: $40,000
Payment 5 - Sheetrock & Installed Kitchen: $50,000
Payment 6 - Occupancy Certificate: $25,000
Available Lots
We may have a limited amount of available ready-to-build lots at any given moment. Otherwise there will be a 1-2 months' waiting period for us to purchase and prepare a lot.
Property Management
Available, and with special discounted terms.
Any Rental Restrictions and Short Term (Airbnb)
No Restrictions, and Short Term Rentals are possible.
Cash is King - Get the Wholesale Price!
Buy the lot and start building within 1-2 months. Pay the wholesale price of $225,000 based on the payment plan.
You are getting that price for paying cash. We are ready!
Financing Option 1 - New Construction Loan
In order to get a New Construction loan of 50% LTV, you need to have a co-sponsor with a new construction background. We can be that sponsor but the property price will be $245,000 for the Gold Model and $279,000 for the Premium Model.
Gold Model Total Price: $245,000
Payment 1 – When the contract is signed – $61,250
Payment 2 – Lot, Foundation & Surrounding – $61,250
When the property is completed we will do the financing for the other 50% of the purchase price.
Financing Option 2- BRRRR - Refinance After Building
After the property is ready, you can refinance and get 60% to 80% out based on the market value. Let’s say you got $231,000 out (80% of 289,000), you can now purchase another property and do it all over again – BRRRR!
Financing Option 3- Ready Made Home Mortgage
From time to time we might have ready-made homes for sale. The price for a ready-made home, or a property that is 1-2 months from completion would be $245,000 for the Gold Model and $279,000 for the Premium Model.
As a foreign national you would be able to get a 65% LTV Mortgage so you will need to come up with a 35% deposit to close on a property and we would provide assistance in getting you financed for the rest 65%. (+ closing costs)
Gold Model Total Price: $245,000
Payment 1 – 35% down payment – $85,750
Payment 2 – 65% through a US Mortgage – $159,250
Partnership
- Choose the preferred almost-ready model.
- We create a Joint LLC with the investor.
- The investor pays 35% of $235,000 for the Gold Model or $269,000 for the Premium Model ($10,000 discount) for almost-ready properties and we become 51%-49% partners so we can get a US Citizen discounted interest rate. The property will be managed by us for 5% monthly.
- Once the property is ready we shop for the best mortgage option and finance the rest 65% of the property. We will have a Lien Mortgage Note on the LLC.
- We provide constant updates during the building process – pictures and videos.
- We hold the property and rent it for 5 years.
- We re-finance and get the investor his initial investment back and keep on holding the property for passive income.
For all of our investors
- Check the properties while they are being built.
- Go through the final inspection and occupancy certificate and fix any issues. You get a 1 Year Builder’s Warranty.
- Assist all the way until the investors get a key to their property.
- Connect the investors to a property manager.
As part of our partnership, we will also.. (For 5% management fee)
- Locate and screen a proper tenant with the property management.
- Prepare the lease agreement with the tenant.
- Continuously work with the property manager for any issue in the property
- Monthly deposit to the investor’s bank account
- Quarterly reports to the investors