$550,000 / 3br - 2520ft2 - 50% Interest in 82AC of AG Land w/Home - Sold for $2MM in 2021

Investment Details • 82+- Acres • $550,000 for $1.
1MM+ in Equity Value • All Improvements - 50% interest in equity ($2.
2MM Total Value) • Operating Agreement to designate the use of the home to one member for the remainder of their life (80) free of rent.
Occupying member responsible for their own home utilities, septic, and pump.
Thereafter the home shall be used for its highest and best use and all proceeds or benefits are to be split 50/50.
• Use of land and farm structures to be made available for farming activities.
• Upon close of escrow buyer shall be in agreement to refinance the property in order to plant 40AC+\- of grapes.
• Operating revenue and expenses to be split 50/50.
• Operating reserves are to be maintained at a reasonable level to maintain future farming operations.
• Calls for capital are to solely improve the value of the property and must be approved by both parties.