Land Flip in Lake Subdivision

[Shane Allman]

Investment Info:

Other fix & flip investment in Poquonock.

Purchase price: $8,000
Cash invested: $8,000
Sale price: $16,000

Buying and flipping lots. This was two lots together.

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

As a local agent I was seeing a demand for good lots and felt the lots in this subdivision were under valued.

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

Writing ad mailing out letters directly to specific property owners.

How did you finance this deal?

Used my own cash.

How did you add value to the deal?

Marketed it.

What was the outcome?

Doubled my money in a month.

Lessons learned? Challenges?

I can do it!

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

Just myself.