Windom Hobby Farm

[Martin Reinke]

Investment Info:

Single-family residence buy & hold investment in Stigler.

Purchase price: $110,000
Cash invested: $30,000

Hobby Farm On 10 acres
2300 sq ft house with 8 out buildings - Large Barn, Animal/hog barn, Mid-size machine shed (2) 25' x 35' / 30' x 50', Large Machine shed 60' x 60', Grainery barn, Entertainment Barn, 3 car garage

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

Grew up in MN & Price

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

Word of mouth, Will buy with all cash.

How did you finance this deal?

NO Financing

How did you add value to the deal?

CASH

Lessons learned? Challenges?

SW MN is hard to find Landlord Insurance, all local insurance companies say thy quote you landlord insurance, but they realy quote you general home owners insurance.

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

NO