All Forum Posts by: Mireya Martinez

Investment Info:

Other buy & hold investment.

Purchase price: $360,000
Cash invested: $100,000

This is a 20 acres of land mixed use Commercial or Residential. This property has double the price value in 2 years.

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

Acreage land has a rapid value appreciation in Texas.

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

I found it on MLS and made a cash offer.

How did you finance this deal?

I financed it through a private lender.

What was the outcome?

We submitted an agricultural application exemption and was accepted. Paying very low property taxes.

@Brandon Gamblin

Hi,

Fix and Flip properties are more difficult to finance due to the condition of the properties. You would need to contact a lender who is willing to work with an FHA 203K loan.

I would suggest, if this is will be your first investment property. Purchase a Multifamily property were you occupy one of the units. This way you can get an FHA loan with a minimum of down payment (3.5%)