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967 Josiah St
St Augustine, FL 32084
$225,000
Pre-Construction
From the founder of RealEstateInvesting.com Robert Lawry II… Funding Opportunity using your private money, self directed IRA or 401k. I'm a licensed builder since 2006 having built well over 100 houses now seeking private funding. References available. Credit score just under 800. Around $50,000 is/will be invested out of my own pocket. Land is already purchased, clearing and backfill is pending. Property will be a 3 suite ultra modern luxury STR/Airbnb/VRBO. At $150 a night per room with 70% occupancy, cashflow is projected at around $9500mo. without including cleaning/misl fees. Located in the high demand area of St Augustine just 2+ miles form the historic district. No zoning restrictions for STRs, zoned RS3. All loan funds will be escrowed with an attorney/title company keeping your funds secured. Draws will be made on a predetermined draw schedule. Loan term can be as short as 12 months. Possibility to convert to long term financing might be an option if you want to make a more long term loan. Vertical build costs are projected to be under $225k. After Build Value is $380K based on typical new builds in the area however this home will be over built “luxury” home. Email me to find out more details at [email protected]
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