Investing in residental unbuilt on lots

[Andrew Clark]

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

[J Scott]

You're not going to like this answer, but...

In terms of "is there money in it" -- there is money in anything if you can sell it for a higher price than you purchased it for.  

In terms of whether it's a "good investment? bad investment?" -- it's a good investment if the price you can sell it for is a good bit higher than the price you bought it for.  It's a bad investment if you can't.

Long story short, people buy land all the time.  To build their personal residence.  To build an investment property.  To resell.  To hold for the future.  Etc.

So, sure, it *can* be a good investment.  But, unless you know what those two lots would sell for after you purchased them -- and whether that amount makes it worth it for you to do the work -- there's no way any of us can tell you if it's a good deal or not.