Seeking Advice on Flipping a Vacant Lot

[Shaneese Bailey]

Hello everyone,

I'm a new real estate investor and I recently came across a vacant lot that I believe has great potential for flipping. This opportunity fell in my lap as I know the motivated seller who is willing to sell, but I'm not sure if I can get the price that he wants for it.

I don't have the property under contract yet, and this is my first wholesale deal. I'm feeling a bit lost and would really appreciate any advice or guidance from experienced investors.