Historic Home 0.86 Acre LOT

[Shane M Plummer]

Investment Info:

Other buy & hold investment.

Purchase price: $35,000
Cash invested: $20,000

0.86 Acres in rapidly growing market. Have been developing land. Now have water installed, w/ 6-bedroom (4-bedroom house and 2-bedroom ADU) septic approval. Ready to sell and invest in house, condo, or multi-family with good ROI and future growth.

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

Private sale, with large potential for growth. I understand the area and market.

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

Purchased as a 2-parcel package when I built my house.

How did you finance this deal?

Conventional bank loan

How did you add value to the deal?

Cleared the land, installed well, and septic approval.

What was the outcome?

ready to sell

Lessons learned? Challenges?

working with county can be challenging at times

Did you work with any real estate professional?

No