Land Buy and Flip

[John Veltkamp]

Investment Info:

Other buy & hold investment in Canyon Lake.

Purchase price: $21,000
Cash invested: $21,000
Sale price: $37,000

Land Buy and Flip

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

Knew the area.

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

MLS, recognizing opportunity

What was the outcome?

ROI 32%

Lessons learned? Challenges?

Learn the market, study the market

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

I am a licensed agent in Texas