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Updated almost 10 years ago,
127 acres to build on
so i got some new info regarding my last post ( if you saw it)
so this property is 127 acres and the guy got permits to build 39 homes on it. he said the land on other properties across the street from him are worth 150k a piece.
he said that his property was assessed at 70k per home site of 39 homes to equal 2.7m. so he listed it for 2m but took off market.
he said his tax bill is 15k a year.
now how am i supposed to analyze this deal from here? did i get enough info?