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Updated over 6 years ago, 07/01/2018
Land-locked parcel - good for a beginner land investor?
Hi everyone, new raw land investor here.
One of my first leads came in yesterday and I wanted to solicit some opinions on how to proceed. It's a 14 acre property but has a couple of problems with it.
First, according to the seller, there's a fallen-in house on the property so there's going to be a big clean-up for whoever buys the land.
Second, and perhaps most importantly, it's land-locked behind another property, so I don't even know if any buyers would even have access.
I was thinking that this could all be counteracted by just a really low offer with an explanation of all the issues. But I'm actually wondering if I should just walk away. This would be my first deal so I do not want too many complications.
Thoughts?