10 Acres in beautiful Arkansas
Other buy & hold investment.
Purchase price: $30,000
Cash invested: $50,000
10 Acres of beautiful meadows, black walnut, blackberries, 2 springs and a creek on the back side. Backs to National Forest.
What made you interested in investing in this type of deal?
Land in Arkansa and in this area is beautiful and increasing in value.
How did you find this deal and how did you negotiate it?
It was not on the market and I told my brother who lives in this area I was looking for land. He contacted a friend who owned this and was interested in selling. I paid him what he paid for it, in 98!
How did you finance this deal?
I paid cash
How did you add value to the deal?
I out in a septic, power and a well and only have 50K into it. It's valued over 150K
What was the outcome?
a great investment!
Lessons learned? Challenges?
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
no had a title company close the deal and hold escrow