First Investment, 40 Acre Cabin

[Ashley Delp]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $125,000
Cash invested: $15,000

40 Acre Cabin, 2 bed, 2 bath, Purchased on a Contract for Deed

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

We like buying land where you can get away from it all.

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

SOI and seller did not want to come back to the state and get the property ready to sell. We purchased as is

How did you finance this deal?

Contract for deed

How did you add value to the deal?

Purchased as is

What was the outcome?

Win win

Lessons learned? Challenges?

Not sure yet we haven't had it long enough

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

We are agents