Vacant Land Flip Canyon Lake
Investment Info:
Other fix & flip investment.
Purchase price: $13,000
Cash invested: $13,000
Sale price: $25,000
Vacant Land Flip
What made you interested in investing in this type of deal?
The ROI
How did you find this deal and how did you negotiate it?
Craigslist Listing
How did you finance this deal?
I used my personal HELOC
How did you add value to the deal?
I offered a quick all cash closing for a seller who needed money fast
What was the outcome?
I purchased the property and sold to the next door neighbor.
Lessons learned? Challenges?
You MUST be quicker than the next guy but also stay cautious when doing due diligence.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes, I used a realtor. They called me after about a month afer inquiring about the property. when i called it was under contract already and i told her to let me know if the deal falls through. Well....IT DID and i offered a lower price that I initially did and was able to get it closed fast.