This was a fun one! We recently purchased a property in Stevens County, Washington brought to us by one of our partners, Johnny.
A gorgeous, remote property with mature trees, nestled near the Columbia river and surrounded by forest land.
We let this property go in a quick sale that netted Johnny a $19,357 split.
| We ended up cutting a deal with a neighbor, which provided them more room to expand their existing homesite. We are so pumped for Johnny. Keep crushing it! |
We recently executed a deal in Franklin County, Florida, where we purchased two side-by-side infill lots in an awesome location near water access.
Franklin County is located on Florida’s Forgotten Coast in the Gulf of Mexico.
We listed one of the properties earlier this year and it was sold in a little more than two months!
Our partner, Ajay was able to make a profit of just over $5,000 off his land deal.
Ajay is a savvy and motivated investor on top of his game.
It was a pleasure working with Ajay on this deal and we are looking forward to partnering on many more!
We wanted to share with you a story about one of our Partners, Josh, who was able to make a profit of $45,093.36 off his land deal.
Josh came to us with this property in Marion County, Florida.
We listed this property at the end of May and had it under contract by the end of June.
We initially thought about the subdivide opportunity for this 12-acre property, but ultimately, decided against it. There was easy access off an improved county road and while it wasn’t an infill lot, there were several houses in close proximity, and power and water were already located at the property.
We bought this during Florida’s rainy season, which lasts from mid-May to mid-October, so there were some concerns about how wet the property would get. Something to keep in mind – even if your parcel is not in a flood zone or wetlands, some buyers of Florida land may be a little apprehensive about how wet the land gets… especially if they’re considering putting crops and or livestock on the property. In this case, we were HIGH AND DRY!
We’ll be the first to acknowledge that not many deals are as straightforward as this one. We were super pumped for Josh on this deal and are looking forward to funding many more.
We also want to be sensitive to the fact that many people in Florida are experiencing some extremely unfortunate circumstances due to Hurricane Ian – Naples, Ft. Meyers, and the rest of SW Florida is a beautiful area full of incredible people and we commend their resilience and pray for those areas affected.
