First Investment, 40 Acre Cabin
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $125,000
Cash invested: $15,000
40 Acre Cabin, 2 bed, 2 bath, Purchased on a Contract for Deed
What made you interested in investing in this type of deal?
We like buying land where you can get away from it all.
How did you find this deal and how did you negotiate it?
SOI and seller did not want to come back to the state and get the property ready to sell. We purchased as is
How did you finance this deal?
Contract for deed
How did you add value to the deal?
Purchased as is
What was the outcome?
Win win
Lessons learned? Challenges?
Not sure yet we haven't had it long enough
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
We are agents
