Future home.... property hacked?

[Dillan Stoor]

Investment Info:

Single-family residence buy & hold investment in Cedar City.

Purchase price: $295,000
Cash invested: $24,000

Bought this 26 acre property just outside of the city where we reside so that my wife can have horses and a pond and I can have a motocross track and a runway for our plane! However we aren't quite where we want to be to build our dream home so we currently rent out the house on the property as well as lease the pasture to a local farmer.

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

The land was perfect for what we wanted and so far the land has covered our mortgage!

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

Zillow, negotiated through a real estate agent.

How did you finance this deal?

Conventional loan

How did you add value to the deal?

Nothing yet, but we have plans to build out home and much more.