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, 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.

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

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

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

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. She was in a tough position and needed to close on the property quick, so she brought it to us. Sometimes the deal finds you!

How did you finance this deal?

We acquired this deal through land contract, putting very low cash out of pocket and receiving a very favorable term and interest rate.

How did you add value to the deal?

Through creative ways of cashflow.

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. This gives us quick access to the highly desirable Lake Geneva/Walworth County market. We currently use the pole building as storage space for further income.