Purchase Dilemma

[Rich Cee]

Hello BP, I am interested in buying a property down south, middle of no where for 120k-ish. Beautiful colonial style, 4400 sqft built in 2010, yes 2010. Great touches with the construction BUT no comps. Only thing comparable MAY be 2 homes FOR SALE, not sold. This are newer construction or recently remodeled BUT are sitting on 25-40 acres and are priced at 350k to 450k whereas this interest property is sitting on 2.5 acres. Common sense tells be that IF i can obtain the (cheap) land around it and amount up 20 to 30 acres that I can bring it close to the 400k ARV mark. This may lock up my money for quite a while especially if I have to hunt down the land hoping they sell. Ideas on finding the land? Negotiation tactics? Even worth the try? Thanks ahead of time everyone!!

[Rich Cee]

@Stuart Birdsong@Ned Carey Thank you the advice gentlemen. I will not pursue it after agreeing with Stuart's point of a lack of exit strategies. It will hold my money for too long as I hope all falls into place. None the less Ned has taught me an avenue to pursue if something like this arises again. Thanks again!