Land development and building

[Donald Golden]

Investment Info:

Large multi-family (5+ units) wholesale investment.

Purchase price: $1,000,000
Sale price: $30,000,000

Mixed use residential development in Richmond virginia

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

Surplus golf course in path of development.

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

Golf course was offered by county to capable developers

How did you finance this deal?

Self

How did you add value to the deal?

Bought raw land , rezoned land into residential. Sold developed lots to national builders

What was the outcome?

Good

Lessons learned? Challenges?

Exceeded all expectations