North Texas, Collin County, McKinney, TX area: approx 14 acres

[Jason Lowe]

Investment Info:

Other other investment.

Sale price: $2,300,000

Two separate contiguous parcels of land of approx 14 acres in Collin County, McKinney ETJ (Prosper ISD), North of DFW area, Texas. North of Highway 380, on Wilmeth Road, in between Custer Rd and Ridge Rd.

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

I purchased the property 10 years ago with the idea of it being a long term investment.

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

I purchased it to live on and to be a long term investment. I purchased it via a RE agent.

How did you finance this deal?

Traditional 30 years fixed deal.

How did you add value to the deal?

Lived on property for 10 years. Maintained and cleared land for usage.