Found a vacant lot I am interested in, is it any good?

[Yeisly Perez]

My name is Yeisly Perez and I am a first time investor in real estate (or otherwise). I was looking around my area for good deals and found a vacant lot, about a quarter acre, in a decent neighborhood that seems like a good choice for building an investment property. I looked at other houses in that area and found they are renting for about $1,500 and could probably build either a single family or a multifamily home in the space for roughly $300,000. The quarter acre lot is going for $9,900 and I wanted some advice on whether or not this is a good deal or any suggestions on what I should offer on it?

[Chris Davidson]

There is a lot to unpack here. It only is a good deal if it fits your plan. Do you have any experience building or desire to build. What are restricitions on land, any improvements like utilities already stubbed up, or through permitting process. 

I would spend some time focusing on what you want to do before jumping into a deal. It is a whole lot easier to get into a deal than get out of one. 

Best of luck!