Updated almost 6 years ago on . Most recent reply
Vacant land investment
Investment Info:
Other buy & hold investment in Panama City.
Purchase price: $14,000
Cash invested: $14,000
Purchased a foreclosed residential land. Current market value $40,000.00
What made you interested in investing in this type of deal?
The potential of flipping, or building new construction.
How did you find this deal and how did you negotiate it?
Local bank published it for sale. Then called the bank to discuss the terms, was able to get it 35% lower than list price.
How did you finance this deal?
Cash.
How did you add value to the deal?
Clearing the lot getting it ready for a builder or investor.