Lot Value Buy & Hold
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $120,000
Cash invested: $150,000
Dilapidated house. Bought from neighbor next door to rental we owned. Demoed the house, will be building a new house on site.
What made you interested in investing in this type of deal?
Adjacent lot to rental we already owned
How did you find this deal and how did you negotiate it?
Befriended the neighbor
How did you finance this deal?
Hard money loan
How did you add value to the deal?
We didn't. Bulldozed the house and plan to build a new house on lot in the future
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am a realtor