2-1/2 acres of raw land

[Don Underwood]

Investment Info:

Other buy & hold investment.

Purchase price: $93,750
Cash invested: $70,312

Purchased 2-1/2 acres of raw land with the hope of one day building a home on it.

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

I purchased it as part of a deal to move my mobile home off my homesite.

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

My friend was selling the land nearby

How did you finance this deal?

75% bank financing. Raised the 25% down payment through a partnership with family members (my parents and my two oldest children).