I am new and need some advice. Please help.

[Simone Baracoa]

Hello everyone.

I am grateful to have the Bigger Pockets community to interact with and this is my first post. I am finally pushing through the "fear" of getting my first property under contract. I have found a vacant lot (residential) for sale and I have no flipping clue what I am doing! #helpme I am online looking at the assessed value of the property and it is way below what they are asking. How do I know if this is a good deal or not? All of the other properties in the area have houses on them. I want to get the lot under contract and then sell the contract so I need to be sure I can make a good profit on this. Your assistance is much appreciated. Thank you in advance.