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Updated about 7 years ago on . Most recent reply

21 Properties 2 Years
Most Popular Reply

Rigo V. It was definitely a great buy. I use a quarter acre for my Oil Business, so I get a free space. It’s zoned Industrial-2 in Arvada. Hard to find this land this close to Denver. We used to rent it, but the lady who owned it passed away. Her sons get it and wanted to sell. The manager of the property talked them into an owner carry. To make it more enticing, I’m sure we paid over market. Having to only pay $25k down made the deal worth it all. If I was renting out the other quarter acre I’m using, I’d have over a 100% return in the first year. Kinda forced into this niche because of my business. Seems very lucrative and I would like to repeat this. Currently looking at 10 acres in Pueblo zoned industrial to get some major returns on it. It’s already fenced. I’m estimating $1,000+ per acre. So hopefully $10,000+ per month gross. No toilets or carpets. No paint, or any real major maintenance. Need power but just needs to be connected to the lot. I’ll probably have to team up with some investors.