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Updated over 10 years ago,

User Stats

6
Posts
1
Votes
Francisco Perez
  • Lender
  • Miami, FL
1
Votes |
6
Posts

Next step?

Francisco Perez
  • Lender
  • Miami, FL
Posted

So, Im not to sure how I would proceed with this specific situation( not that I have done anything yet)  

Today I passed by a house, which is in an upper scale neighborhood that i have noticed a few times before. it has been under construction for a LONG time. Mostly in parts.

Foundation....

outer shell(block), window framing...

Roof...And thats it. 

Its now up for sale.

Asking price 599k

Im not sure if the house is already divided inside( kitchen, rooms, bathrooms, etc)

and this makes it very difficult to comp with other homes

It is sitting on a 1 acre lot, as are most other homes around it. 

it is very far from being done( just block shell and roof), but houses in the neighborhood sell for 7 figures. 

I would not be able to do anything with this property myself, but it seem like a great opportunity for someone as an investment and for me to learn and gain some experience.

What would you guys suggest I do?