$32,000 Quick Profit!

[Mike Watson]

So,  just got a small $32,000 check for a quick wholesale deal.  

We found a small older house on a larger lot listed for about what it was worth.  With a little bit of effort in the planning and zoning office, we discovered that the property could be turned from 1 home and a large lot to 1 home with 5, count them 5, duplex lots.  

We put the property under contract, drew a site plan with the planning administrators and then offered the property to our large list of builders and developers.  We got crushed with interest.  

Highest and Best Use.  We look at properties for what they can be, not what they are.  Good times. Attached are a few pictures.  

We love real estate.  The best part is that all the properties in the area are the same zone.  We have several others that we are putting under contract now.  Looking at a property's highest and best use is very profitable.