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Updated 5 months ago on . Most recent reply

User Stats

3
Posts
0
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Chris James Silva
0
Votes |
3
Posts

Land deal pure profit

Posted

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $4,000
Cash invested: $15,000

Bought land with 5 mobile homes on it cleaned it up now it's my construction yard.
I would like to buy the land behind me and convert it! 10 acres

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

Land value

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

Tax list . Told them to sell it

How did you finance this deal?

I cashed it

How did you add value to the deal?

Clean up

What was the outcome?

Love it

Lessons learned? Challenges?

Dumpster cost

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

No

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