Updated almost 4 years ago on .
Realtor and Airport investor
Investment Info:
Other buy & hold investment.
Grass Airstrip 3200’ x 150’
42 tenants
3000gal of 100LL Fuel
Fully Automated
What made you interested in investing in this type of deal?
Passion for aviation & business
How did you find this deal and how did you negotiate it?
Word of mouth
How did you finance this deal?
100% Privately
How did you add value to the deal?
Brought up to current SOP’s. Currently Full automation
What was the outcome?
Cash flow & low touch time ( other than mowing 40 acres of grass)
Lessons learned? Challenges?
To many to list, Top 3
1.) Finding the deal was harder then finding the money
2.) Purchased at a monthly loss, which required fast improvements & increases
3.) grass grows fast in the summer
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No, just attorney