4 Acre Land closer to a Developing city
Investment Info:
Other buy & hold investment in Aubrey.
Purchase price: $55,000
Cash invested: $55,000
4 acres of land parcel in a village closer to the city. Currently, hired local farmers to cultivate seasonal fruits, avocados and vegetables.
What made you interested in investing in this type of deal?
Land in a growing metropolitan can get very expensive over the period of time. We wanted to get in early to get a good deal.
How did you find this deal and how did you negotiate it?
Online Research and cold calling
How did you finance this deal?
All Cash
How did you add value to the deal?
Added new Fencing, new water sprinkler system, new borewells, new avocado and mango saplings, fresh organic fertilizer
What was the outcome?
Had a great sugarcane yield this year, will be harvesting avocados and mangos in the next 4-5 year timeframe.
Lessons learned? Challenges?
Have a close watch on weeds, and keep local farmers motivated to maintain land fertility and accelerate plant growth rate