Friday, June 29, 2007

NC Hear I Come

Tomorrow I leave for NC to get things started with my land deal. If you haven't heard about it, here's the skinny. Partnered with my friend Danny in CA, , 101 acres, 1.4 mill purchase price, 3.5 mill value as is, with only 5K down to hold contract. Seller is going to carry back a second for 65% of purchase price. Just 45% to seller at the end of the due diligence period gives us the deed to the land. The potential of the land, if we just build it to buildable lots, is about 20 mil. In short- a really sweet deal.
This is a stepping out of our element situation. However, it's also a matter of manifestation. I have worked on a few land deals that never panned out and kept telling the universe that I wanted a great land deal with the exact parameters mentioned above.
Moral of the story: Ask and ye shall receive/ your wish is my command!

Have a great Fourth of July!

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