11 Acre Purchase

[Heath Shepard]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $750,000
Cash invested: $750,000

I purchased this 11 acres to build a "dream house" on but through different circumstances have decided to to fix up the little house on it and rent it out. I don't know what i will do with the remaining land but it has appreciated upwards of 20% since i've had it with no end in sight so i will continue to hold onto it until I figure out what to do with it.

What made you interested in investing in this type of deal?

Centrally located in the path of progress in between two extremally high growth cities.

How did you find this deal and how did you negotiate it?

MLS.

How did you finance this deal?

Cash

How did you add value to the deal?

Cleaned up the land. There is a small SFD that is undergoing a light renovation to rent it out.