Finished lots from bare land.

[Richard J Gonzales]

Investment Info:

Single-family residence other investment in Patterson.

Purchase price: $1,000,000
Cash invested: $300,000
Sale price: $2,000,000

Bare land to finished lots and sold to builders.

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

A friend referred.

How did you finance this deal?

Bank loan.

How did you add value to the deal?

Filed tentative map, final map to finished lots.

What was the outcome?

Successfully closed all lots.

Lessons learned? Challenges?

Profitable but takes time and patience.