Duchesne 10 acres

[Nicholas Pasowicz]

Investment Info:

Other private money loan investment in Elmira.

Purchase price: $210,000
Cash invested: $50,000

Manufactured home on 10 acres. Property was sort of a cat hotel, they had it made in there.
Property will be thoroughly cleaned and repaired.
Borrower is looking to subdividing a portion to increase his profit.

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

Good spread on the ARV

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

Standard terms