3 Sisters Farm Land Investment

[Mei Bae Wu]

Investment Info:

Other buy & hold investment.

Purchase price: $98,000
Cash invested: $33,000

Bought a 4 acre agriculturally-exempted piece of land with a syndicate including my mom and my sister back in 2020 and has since almost tripled in price by 2023.

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

The property was going as a land sale when there was already a house built on it with a detached garage, huge storage shed, a small animal, pen, and a four horse barn. The house was flooded in so it was considered unlivable, therefore it was going for land sale only.

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

Zillow. Negotiated the purchase price down from six figures.

How did you finance this deal?

Pulled in cash from immediate family.

How did you add value to the deal?

Currently, we are just holding onto the land, but plan on re-building a house and more properties to rent out on the land. I also plan to create a farmers market on it for the neighbors.

What was the outcome?

The land has appreciated about three times by 2023 without any construction done.

Lessons learned? Challenges?

Maintaining a big piece of land requires lots of big expensive tools and time.