Raw land - Big lots

[Bear Geiger]

Investment Info:

Other other investment.

Purchase price: $295,000
Cash invested: $173,500
Sale price: $814,000

We have sold 4 of lots and recouped all of our initial investment and cash used for improvements. We are holding the other 4 lots as the area continues to gain value. We believe the remaining 4 lots will bring us to a total ROI of about 75%.

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

Picked up a 6ac tract to build our personal home and got a great return on investment.

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

Internet search found the deal and bought using a realtor

How did you finance this deal?

Agriculture coop

How did you add value to the deal?

Clearing trees, cutting driveways and installing drain pipes to remove excess water.