Less than a week later, despite record-high interest rates, they received an all-cash $1.825M offer from a 1031 buyer and immediately accepted.

I've been offered an opportunity to invest in farm land that is adjacent to a successful/proven farming operation.

The buyer who purchased it made us an offer at fair market value which we accepted.   

.• 3-year business plan goals achieved in under 12 months• Listed for sale at 2026 projected price of $1.875M• Accepted $1.825M cash offer from 1031 exchange buyer• Closed sale in Oct. 2023 to secure long-term capital gains• New Sales Record Set: $228K per unit sale price, the highest ever in Bridgeport CThttps://westfaironline.com/real-estate/bridgeport-mixed-use-property-breaks-record-for-price-per-unit-sale/ Lessons learned?

A local bank offers 3.9% vs 4.25% loans.

We offer flat rate Property Management.

Turns out I offered to do electrical and plumbing inspections on an agreed upon punch list. 

We made one offer and it was rejected.

Check with a few banks and see what they offer!

The most recent house we offered needs a complete remodel inside, but the structure is sound.For example, we need new kitchen cabinets, sinks, paint, flooring, and drywall in certain areas of the house that have been damaged, as well as new light fixtures and interior and exterior paint.