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Updated over 5 years ago,

User Stats

79
Posts
5
Votes
Michael Calhoun
  • Developer
  • San Francisco, CA
5
Votes |
79
Posts

Oxon Hill 3-Lot Subdivision Project

Michael Calhoun
  • Developer
  • San Francisco, CA
Posted

Investment Info:

Single-family residence other investment.

Purchase price: $20,000
Cash invested: $8,000
Sale price: $89,250

A wooded 1.35 parcel residentially zoned parcel 7 miles from Washington DC, and 7.5 miles from Amazon's new DC metro headquarters. Sold to developer during the process of subdividing the parcel into 3 buildable lots.

I specialize in residential land subdivisions. Our high-tech, mass marketing strategies feature the axiom that the money is made in the purchase. First investor partnership.

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

I specialize in residential lot subdivisions.

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

High-tech mass marketing for distressed land.

How did you finance this deal?

Investor

How did you add value to the deal?

3 lot residential subdivision

What was the outcome?

329% return in one quarter

Lessons learned? Challenges?

I learn from every land deal I accomplish. The Maryland-specific details of deed recording was instructive from this deal.