Ranch Investment Property

[James Bigley]

Investment Info:

Other buy & hold investment in Floresville.

Purchase price: $270,000

Cash invested: $60,000

Purchased a 33 acre small ranch that that encompassed an old single wide, 1940's farm house, and many other outbuildings. Negotiated minerals and water rights on the property, removed the single wide on the property, rehab-ed the farm home ($50k), added a stock tank with fish, repaired water well, and changed tax evaluation to 1D1 Wildlife to lower property taxes substantially. Over $150K equity gain, holding to rent out to specialized renters that pay premium for these types of properties.

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

Large equity gain, low taxes, hold due to increasing equity, and specialized properties for renters.

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

Special lenders and I am an expert Realtor for these type of properties.