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Updated over 5 years ago on . Most recent reply
Delano Vacant Land Purchase
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.
Most Popular Reply
I was so surprised to see Delano, Wichita on this forum. I grew up in Wichita and many small businesses were located here and still are. I think Delano is a good bet.