16 acres raw land in california
Investment Info:
Other buy & hold investment.
Purchase price: $110,000
Cash invested: $60,000
Sale price: $325,000
16 acres raw land with views
What made you interested in investing in this type of deal?
I found a decent deal and it had been on the market a while so I thought I could negotiate. Location was good.
How did you find this deal and how did you negotiate it?
I saw it first in a local publication then it kept popping up in my searches. I negotiated a little off the price and was able to get them to carry.
How did you finance this deal?
55% down and owner carry with 5% interest.
How did you add value to the deal?
Just held.
What was the outcome?
500+% return on cash invested