Updated about 3 years ago on . Most recent reply
Farm Investment with 2 homes and hunting lease
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $250,000
Cash invested: $7,000
2 single family homes renting for $900 each, totaling $1800.
Hunting lease for $6000 annually, $500 a month.
Farm is in state CRP program $1200 annually, $100 a month.
Mortgage = $1250/month
Gross Cash Flow = $2400/month
Net Cash Flow = $1150/month, $13,800/year
How did you finance this deal?
Owner Financing
How did you add value to the deal?
Minor improvements to the homes
Lessons learned? Challenges?
Invest in a property management company.