recreational land okeechobee

[Merideth McNamee]

Investment Info:

Other buy & hold investment in Okeechobee.

Purchase price: $12,000
Cash invested: $12,000

3 acres used for recreation and some residences in area

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

We had friends with land there too.

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

On a land website...called and made an offer.

How did you finance this deal?

paid cash

How did you add value to the deal?

n/a

What was the outcome?

still holding it

Lessons learned? Challenges?

n/a

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

title company to close