Total profit to Josh: $45,093.36. Let’s go!
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.