Investment property in my town

[Phillip Gunter]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $8,000
Cash invested: $8,000
Sale price: $8,000

It needs a new build, this purchase is for land only, the house has already been demolished, and the land is cleared and is just ready for a new single-family house.

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

I am the mayor of my town and I'm trying my best to get into real estate. I really feel like my town is on the verge of growth and opportunity. I flipped one of my properties in town of Eastover 3br 2 bath for 1100 a month, the median income here is low, but a lot of potentials to build. We have major industrial companies surrounding our area and some very known historical sites. I just got a vision and I'm trying to accomplish it one step at a time.

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

person to person deal

How did you finance this deal?

my own cash

How did you add value to the deal?

Haven't yet