All Forum Posts by: Erin Estes

Looking forward to seeing everyone tonight! Don’t forget to bring a wrapped used (or new) real estate or business book to exchange!! See you tonight!

@Joe Olivo @Jerika Demos @Jose Guzman Nunez @Derek Wheeler @Eric T. 

Investment Info:

Other other investment in Montgomery.

Purchase price: $79,000
Sale price: $155,000

I bought 8 acres with the intention of subdividing it into two ~4 acre lots, but found a buyer willing to purchase the whole 8 before I finished the subdivision process and sold it.

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

Opportunity

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

Family friends were trying to sell their land quickly and I thought I might subdivide it to resell later at a profit.

How did you finance this deal?

With a HELOC on my personal residence.

How did you add value to the deal?

I had it surveyed and two acres cleared to have the septic mapped and had two percolation tests done.

What was the outcome?

I sold it to someone interested in buying the whole 8 acres before finishing the subdivision process.

Lessons learned? Challenges?

Sometimes, it makes more sense to try and find a buyer who will purchase as-is before going through with your plans. In this case, I wasted time and money because I didn’t follow up with a lead before I went ahead with my endeavors.

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

I didn’t work with any agents on either end of this deal.

This event is coming up quickly! Please bring a wrapped Real Estate or Business book (new OR used) to exchange! Looking forward to seeing you guys!

@Jose Guzman Nunez 

@Jerika Demos @Joe Olivo @Eric T. 

Holiday edition! Bring a WRAPPED real estate business book to exchange! Just for funsies! 

Looking forward to seeing everyone! 

Sorry I’m so late posting this! Look forward to seeing everyone! 

@Jerika Demos @Joe Olivo