Updated 30 days ago on . Most recent reply
Raw land lot split
Investment Info:
Other note investment investment.
Purchase price: $75,000
Cash invested: $80,000
Sale price: $175,000
lot split and owner finance
What made you interested in investing in this type of deal?
mobile home park Zoning was the reason we originally bought the land
How did you find this deal and how did you negotiate it?
found through a local wholesaler
How did you finance this deal?
Cash on hand
How did you add value to the deal?
we got soil testing for septic done which wouldn't support doing a dense mobile home park but would allow for a few homes.
What was the outcome?
sold as owner financing
Lessons learned? Challenges?
soils matter and can make or break a deal but you can always pivot to a secondary exit strategy
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I was the Realtor on the deal
