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Updated about 4 years ago on . Most recent reply

Matthew Maggy's profile image
Matthew Maggy's profile image
Matthew Maggy
  • Rental Property Investor
  • from Richmond, VA
  • Member since May 13, 2015
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User Stats

128
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25
Votes
Matthew Maggy's profile image
Matthew Maggy's profile image
Matthew Maggy
  • Rental Property Investor
  • from Richmond, VA
  • Member since May 13, 2015
Connect
Matthew Maggy
  • Rental Property Investor
  • Richmond, VA
25
Votes |
128
Posts
Buying & Selling Real Estate

Clearing a large lot

Matthew Maggy
  • Rental Property Investor
  • Richmond, VA
Posted

I have a lot that I bought at auction for $8400 on the outskirts of a rapidly gentrifying neighborhoods. I have an offer to sell it for $70k and it could probably be divided into 4 or 5 lots. It is seriously overgrown and backs up to a creek. Is it worth paying to have it cleared? Will that add enough value to make it worth the time and cost?

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