5 acres, Rezone and add huge value

[Charlie Massey]

Investment Info:

Other other investment in Hoschton.

Purchase price: $178,000
Cash invested: $45,000

5 acres raw land, we rezoned from Agricultural to MFR and were approved for 30 townhomes. We are now selling the land per lot.

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

The opportunity to build it out or just flip the land.

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

MLS.

How did you finance this deal?

Cash

How did you add value to the deal?

Rezone, construction plans.

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

Civil engineers at BMK in Braselton, Ga.