Unrestricted Land Purchase

[Carl Dieckmann]

Investment Info:

Other other investment in Lago Vista.

Purchase price: $50,000
Cash invested: $13,000

I purchased this unrestricted land for a great price (and did 1031 from two lots into it); it is a great location right outside the city limits. The land is unrestricted, which can be a big deal in Texas.

Since purchasing this land, we have added a tiny home that will be utilized as an Airbnb in the near future. Another portion of the land has been developed to serve as a boat trailer storage area, and the land also serves as home base for heavy equipment that we have purchased to begin a land and tree clearing company that has taken off in the last year and is producing a great additional source of income!