Creative Finance Deals Compounding in Wisconsin!

[Jason Runkel]

Investment Info:

Other buy & hold investment.

Purchase price: $410,000
Cash invested: $10,000

This was a very unique and exciting deal. This property sits on 2.5 acres just 10 minutes from Lake Geneva and 10 minutes from downtown Burlington. It included a 2,400 square foot home, completely remodeled including new windows, floors, appliances, septic system and more as well as 2 out buildings. One is a 3,800 square foot pole building, half of which is completely new due to a fire in the last few years, as well as a 2,000 square foot 2 story shop with it's own electricity, furnace, and ventilated painting spray booth.

We acquired this deal through land contract, putting very low cash out of pocket into the deal. It was brought to us by a woman whom we had done a previous land contract with whom realized our creativity and drive in creating wealth for ourselves. The house is currently rented out as well as the shop, to the painting company we own allowing us to expand our painting business from Racine to Walworth county giving us quick access to the highly desirable Lake Geneva/Walworth County market. We currently use the pole building as storage space for further income.

The plan here is to hold, cashflow, and build equity in our multiple businesses for the years to come.