3000% Cash on Cash

[Erin Elam]

Investment Info:

Other other investment.

Purchase price: $193
Sale price: $3,000

Purchased an infill lot in Coleman, TX. Held it for 1 year... put it on CL and FB to try and sell with no real bites. It wasn't until I hired someone to put a sign in the yard that I got the sale,

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

The Land Sharks team

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

Direct Mail

How did you finance this deal?

Out of pocket

Lessons learned? Challenges?

It is possible to get property for less than $1000 ... lesson: send more mail!

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

No