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Updated about 7 years ago on . Most recent reply

User Stats

82
Posts
20
Votes
Erica Shaunta Thompson
  • Flipper/Rehabber
  • Clarksville, TN
20
Votes |
82
Posts

Yellow letters sent now I have seller who wants to sell her land

Erica Shaunta Thompson
  • Flipper/Rehabber
  • Clarksville, TN
Posted
Sent out yellow letters. Had someone call to sell their land. It was assessed through the tax assessors at 13,000. She said someone called and offered 2300. It’s an acre of undeveloped land off the highway. What do I do? She wants me to make an offer. I told her that I would look at my numbers. I tried the if I offered cash today what would you take but she wouldn’t say.

Most Popular Reply

User Stats

59
Posts
32
Votes
Joe Horan
  • Real Estate Investor
  • Indianapolis, IN
32
Votes |
59
Posts
Joe Horan
  • Real Estate Investor
  • Indianapolis, IN
Replied

I've never done a land deal. It just always seemed more difficult and risky and being a newer investor, feels like something I don't want to tackle. 

I'd probably take it to a wholesaler in your area who has done some land deals and see if you can JV it. You do the all work and he/she helps you through it. Then you split the profits.

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