Lot Value Buy & Hold

[Marlin Yoder]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $120,000
Cash invested: $150,000

Dilapidated house. Bought from neighbor next door to rental we owned. Demoed the house, will be building a new house on site.

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

Adjacent lot to rental we already owned

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

Befriended the neighbor

How did you finance this deal?

Hard money loan

How did you add value to the deal?

We didn't. Bulldozed the house and plan to build a new house on lot in the future

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

I am a realtor