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Updated over 6 years ago on . Most recent reply

Greg Carroll's profile image
Greg Carroll's profile image
Greg Carroll
  • from Central MD
  • Member since Sep 17, 2018
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11
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4
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Greg Carroll's profile image
Greg Carroll's profile image
Greg Carroll
  • from Central MD
  • Member since Sep 17, 2018
Connect
Greg Carroll
  • Central MD
4
Votes |
11
Posts
Starting Out

FSBO house with subdividable acrage

Greg Carroll
  • Central MD
Posted

A FSBO just popped up by me with a 1970s style ranch that would be a great fix and flip. If it was just the house the ARV would be around $225. The asking price however is $400k because it also comes with 14 acres of subdividable land zoned agricultural/residential. Its a long thin property and would set up great for additional house lots. How do you figure out offer price and is this even a wise investment?

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