Vacant Lot for Future Development

[Xina Rim]

Investment Info:

Other buy & hold investment.

Purchase price: $8,500
Cash invested: $8,500

Residential Vacant Lot

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

I've seen other areas developing and wanted to make sure I grabbed a piece of land at a low price before it started to get developed.

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

Through the MLS

How did you finance this deal?

Cash

What was the outcome?

I am currently holding on to the lot and talking with developers that might be interested in building on it.