What is the Best Deal you ever did?

[Ryan Standage]

Real estate investing for many can seem like a very time consuming, over whelming, process especially when starting out. It's always good to hear success stories that make it all worth it and keep us going.

Please share the best (most profitable) deal you have ever done or been involved in. Please be specific, include details about the property and how it was acquired at what was done with it.

Ill get the ball rolling, however i am 24 and have never done a deal of my own, but i follow in the footsteps of my parents and will share their best deal.

After moving to a small town in AZ, my father wanting to get back to his cowboy roots started looking at cattle ranches for sale. He found one just 10 minutes outside of town, which included 35 square miles of lease permit (the right to run cattle, but owned by state) and 1100 of deaded acres (which he would actually own). No structures at all, just land. He paid $250,000 for the ranch to an old man nearing the end of the line, he just wanted to get rid of the ranch so he didnt have to work it anymore.

My father played cowboy on it for 5 years using it for a tax break from his real job with the intentions of subdividing and developing it. Unfortunetly serious illness prevented that and he sold it to an investor from california for $1.8 million. Who has developed it and made even more.

My father used this money to purchase many other properties all over AZ, which now 2 years later totals a little over 3 mil, and now that he is feeling better from the illness he is looking to purchase another ranch.

lets here some other good deals out there. And if you dont mind shaing how long youve been in it, what you started with and now how much your worth.