Vacant Lot Purchase and Flip

[Ryan Watson]

Investment Info:

Other fix & flip investment.

Purchase price: $1,250
Cash invested: $4,954
Sale price: $7,500

Purchased a vacant lot from Renew Indianapolis. Flipped to the neighbor

What made you interested in investing in this type of deal?

Something cheap to get started in real estate

How did you find this deal and how did you negotiate it?

City Land bank website. I just applied to purchase.

How did you finance this deal?

Payed Cash

How did you add value to the deal?

I cut down a tree on the property line.

What was the outcome?

The neighbor hounded me about selling it to him. I decided I didnt want to hold in that particular neighborhood.