Land Flip from Tax Deed Sale

[Scott Anderson]

Investment Info:

Other wholesale investment in Lewistown.

Purchase price: $826
Cash invested: $1,056
Sale price: $10,000

Flipped a piece of land purchased from a county auction. Purchased for $826 and seller financed for $10,000 to a buyer.

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

The high ROI of the deal and low entry cost.

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

County tax deed sale.

How did you finance this deal?

Cash

How did you add value to the deal?

Allowed buyer to pay using seller financing of $150 per month for 5.5 years.

What was the outcome?

turned around 1k in cash into $150 a month in cashflow for over 5 years.

Lessons learned? Challenges?

dealing with local counties can be very slow. It took 4 months for the county to record the deed of the property.

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

Title company.