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Updated about 6 years ago,
Investing in residental unbuilt on lots
Hello. While looking through my local real estate market I stumbled across three lots for sale near me all right next to each other and it struck my interest to buy one for myself to eventually build my own house on. After talking with the realtor she told me the seller isn’t willing to sell the lots individually, I’d have to buy all three at $55k. After thinking about it I thought maybe I should buy all three build on the one I want and put the other two up for sale? Anyone have any personal experience selling empty residental lots? Is there money in it? Good investment? Bad investment? Any input or information would be greatly appreciated