Raw Land and Entitlements

[Galen Heckathorn]

Investment Info:

Other other investment.

Purchase price: $103,000

This deal has too many details to explain briefly but the basic situation was. Bought some raw land with 2 partners. Then got the land some entitlements from the county. Then sold my share to the other partners.

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

Through a friends family.

How did you finance this deal?

All cash

How did you add value to the deal?

Acquired a CUP for the land.

Lessons learned? Challenges?

I hate dealing with municipalities on that level. Getting a CUP is very hard.