Updated almost 10 years ago on . Most recent reply
My first $100,000 dollar flip on land and $128,000 on new home.
I was building a house on the gold course in Cedar City , Utah when my real estate agent told me she had the last 40 acres of land in the city of Brian Head, the ski resort area...absolutely beautiful country, zoned for multiple units. They where asking $4,000,000. I told her that I would look at it and put up money in escrow while doing some due diligence for 60 days and finding an interested party. On day 57 an investment banker whose son was a snowboarder took my assignable escrow by replacing the 100k9 which I got from a private party...for a 30% part of the profit...no risk...they where happy... and giving me 100k to walk away..I paid the private party their 100k plus 30k and took m70k and walked......and in the meantime my house on the golf course my agent came in with an offer making me $128,000 free and clear... before it was finished...which I took...it was a good year....