Land development for builders

[Jason Allaway]

Investment Info:

Other other investment.

Purchase price: $108,000
Cash invested: $20,000
Sale price: $300,000

Bought three 2.5 acre lots. Paced road, added shared wells, septic and parked out the land for builders.

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

It just made sense at the time.

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

I owed a real estate company and a client was looking to sell.

How did you finance this deal?

Had a line of credit through the bank I did business with.

How did you add value to the deal?

By making the property's turnkey for builders.

What was the outcome?

Very good profit and sold quickly