Delano Vacant Land Purchase

[Shaun Peterson]

Investment Info:

Other other investment in Wichita.

Purchase price: $8,000
Cash invested: $8,000

Speculative investment of vacant land in Delano redevelopment area in Wichita urban core.

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

Long term bet on Wichita urban core redevelopment.

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

Craigslist. Owner wanted $10K. I offered $8K and they accepted.

How did you finance this deal?

Cash

How did you add value to the deal?

None

What was the outcome?

Still own.

Lessons learned? Challenges?

Values aren't quite there to build yet, but are trending upward.

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

No.