13 Ten Mile dr vacant land

[Jack Gerstein]

Investment Info:

Industrial commercial investment investment.

Purchase price: $239,000
Cash invested: $50,000
Sale price: $349,000

bad investment, held too long, HOA and taxes do not stop. The market did not change as anticipated

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

I wanted to develop live/work property

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

I went direct to owner

How did you finance this deal?

Bank

How did you add value to the deal?

did not

What was the outcome?

Held too long, should have sold sooner.

Lessons learned? Challenges?

Get Ego out of the way to make decisions based on data.