Land by the Lake - Our Future Home

[Brandon Michael]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $155,000
Cash invested: $3,400

Beautiful 6.5 acres to build our dream home.

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

Great spot to build a home.

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

At an auction.

How did you finance this deal?

Interest only loan after putting down 20%.

How did you add value to the deal?

Excavation helped better the land by knocking down unwanted trees and grading topsoil.

What was the outcome?

In process of building.

Lessons learned? Challenges?

Land has challenges. Be prepared to do more when it comes to raw land.

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

Wilson Bank & Trust gave me a loan on this. Jessica Justice always helps me with my real estate investments.