First acquisition since signing up for Silver membership looks like it is going to be 120 acres @ $250/acre ($30k) in an area where low end comps for similar acreage are $880/acre ($105k+), and the parcel could very easily be subdivided into 3x 40 acres, with low end comps for 40s at $1k/acre.
The seller is an 87 year old man who must be on some amazing probiotics because he still gets physical every year mining gold on his claims a few states away. He told me if this deal goes well that he’ll sell me an additional 320 acres he owns in an even more desirable area.
The parcel straddles the flat upper area and lush lower wetlands of a mildly sloped butte-style hill (about 200ft elevation difference), and has access on both the lower and upper approaches. Nearby neighbors have some homesteads in the area so I can easily point to them as examples of people making it work. And it’s going to look sublime after I fly my cinema drone across it at sunrise.
With TitleMind, if I do a double close, which I plan to do once I find a buyer, that’ll mean I risked a total of 64 cents and will pocket more than I make per year at my former job. That kind of ROI is bonkers.
Do I need to pick my jaw up off the floor and get used to this, or is this beginner’s luck? I have an inexpressible level of gratitude for Jack and Jill, I’m holding you responsible for all the smiling I’ve been doing today.
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