Randall Pike Commercial Deal

Pike Homes, LLC in Emerado, ND

I negotiated the cash purchase of a property I planned to develop into potential 4BR duplexes. As the negotiations progressed the owner decided to throw in several other properties that had the potential to be developed for rental or resale. The properties were a hoarder paradise, however, during my evaluation, I saw that there were substantial steel, copper, and other metals that could be recycled for cash. The property was also located next to a business that would need one of the parcels if they wanted to expand. After scrapping out the materials on the property and regaining the cost of the properties I sold one parcel of land to the commercial business next door.