16 acres raw land in california

[Rich Silva]

Investment Info:

Other buy & hold investment.

Purchase price: $110,000
Cash invested: $60,000
Sale price: $325,000

16 acres raw land with views

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

I found a decent deal and it had been on the market a while so I thought I could negotiate. Location was good.

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

I saw it first in a local publication then it kept popping up in my searches. I negotiated a little off the price and was able to get them to carry.

How did you finance this deal?

55% down and owner carry with 5% interest.

How did you add value to the deal?

Just held.

What was the outcome?

500+% return on cash invested