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Real Estate Deal Analysis & Advice

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Pamela Fleming
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10 Acres in beautiful Arkansas

Pamela Fleming
Posted Sep 18 2023, 21:08

Investment Info:

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?

BUY LAND!

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

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Ryan Blackstone
  • Real Estate Broker
  • Fayetteville, AR
212
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Ryan Blackstone
  • Real Estate Broker
  • Fayetteville, AR
Replied Sep 19 2023, 08:43

Where in Arkansas is this? 

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Dmitriy Fomichenko#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
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Dmitriy Fomichenko#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied Sep 22 2023, 00:51

Congratulations on this investment @Pamela Fleming

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Pamela Fleming
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Pamela Fleming
Replied Sep 22 2023, 05:51
Quote from @Ryan Blackstone:

Where in Arkansas is this? 


 Its in Mt Ida Arkansas

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Pamela Fleming
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Pamela Fleming
Replied Sep 22 2023, 05:51
Quote from @Dmitriy Fomichenko:

Congratulations on this investment @Pamela Fleming


 Thank you!

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Ryan Blackstone
  • Real Estate Broker
  • Fayetteville, AR
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298
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Ryan Blackstone
  • Real Estate Broker
  • Fayetteville, AR
Replied Sep 25 2023, 09:10

Beautiful and congrats!