Another investment: This time Land

[Melissa S Vrobel]

Investment Info:

Other buy & hold investment.

Purchase price: $25,000
Cash invested: $25,000

Hi all,

I couldn't not invest in some real estate. I found .3 Acre lot with an old mobile home on it. I plan on clearing the lot and either renting the lot or putting a duplex or SF home on it to rent. Will update you later!

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

The local town is growing and there are limited rentals. I see this area growing considerably in the next few years.

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

Found it on the MLS

How did you finance this deal?

Cash

How did you add value to the deal?

Going to remove the old mobile home. Hoping to hold log term as land or build a rental on it.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Myself : )