Project Floodrich Square

[Daniel Pettit]

Investment Info:

Other other investment.

Purchase price: $500
Cash invested: $30,000

aneweco.com

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

The challenge

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

2008

How did you finance this deal?

wallet

How did you add value to the deal?

created a cash flowing business

What was the outcome?

in progress

Lessons learned? Challenges?

100 year floodplain that's 44' deep isn't a reason to discount a property as potentially profitable.

Enhance your location, don't leech off of others already enhanced location.

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

I tried , yet nobody wanted to see HOW to make it work, just IF