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Updated over 7 years ago on . Most recent reply

User Stats

19
Posts
7
Votes
Khalid Powell
  • Rental Property Investor
  • Durham, NC
7
Votes |
19
Posts

Land Deal with 1.5 acres

Khalid Powell
  • Rental Property Investor
  • Durham, NC
Posted

Okay, I sent out a yellow letter to the owner of a property looking to wholesale the home. However, I just found out that he has had it rezoned to a medium density residential piece of land. I am new to wholesaling and have no idea how to handle a zoning issue or how to pitch this to a buyer.

Should I give up on the lead or find a developer?

Also, what information should I put together for a developer that I may end up being able to pass this lead on to?

It's 1.5 acres of land and they want 700k for it.

Most Popular Reply

User Stats

5,691
Posts
3,434
Votes
Chris Martin
  • Investor
  • Willow Spring, NC
3,434
Votes |
5,691
Posts
Chris Martin
  • Investor
  • Willow Spring, NC
Replied

A builder/developer will split it and put some $700K houses on it if that 1.5 acres is really worth $700K. If it were me.... I'd work with @Andrew Clark

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