Updated over 4 years ago on . Most recent reply
Vacant Land + Barn Flip
Investment Info:
Other fix & flip investment.
Purchase price: $30,000
Cash invested: $32,000
Sale price: $63,000
Vacant Land with a Barn. Recognized under market acquisition opportunity and purchased with cash.
What made you interested in investing in this type of deal?
Close to home. Knew the market for property. Motivated Seller.
How did you find this deal and how did you negotiate it?
Direct to seller.
How did you finance this deal?
Cash
How did you add value to the deal?
Brush hog clearing of land. Professional photos for new listing. Cleaned barn out.
What was the outcome?
Sold for 2x purchase price.
Lessons learned? Challenges?
Buy when the opportunity presents itself.