Why hasn't this land sold?

[Christina Edmunds]

As an investor, what is keeping you from buying this land right here? And what do you think could get you to change that?

The answer may seem obvious to the experienced investor but what I would like to do is break down all the individual problems that would make most people consider this a "bad deal". Be as specific as you can!

Here's an example for starters, why I personally would not buy this land:

I currently don't have the means to purchase this land myself, and I don't have an idea that I could sell with the land to make up the difference. Even if I did have the cash, I currently do not know how to make a profit off the land. Obviously from the photos, if a residential building were to be constructed the land would need to be cleared and graded, which would be even more costly. I have not run the numbers, but my guess would be based on inflated construction costs (and due to how long it's been on market) that there would be little to no profit made from developing a single family house fitting of this neighborhood, and particularly not for someone like me with no development experience. A nearby lot suggests the land could be used for a multifamily home for student housing, but based on the area (and due to the nature of students) it seems that each rental unit would not go for much money, and even if it did cashflow, I have seen videos of landlords (and know from experience) that housing students can be destructive and costly.

But, if I could figure out a purpose for this land which would net the owner a profit over the long run and gain enough knowledge to sell the idea, I would buy the lot with the purpose of flipping it to a developer who is more interested in long-term gains. If I could get a sufficient profit out of it I could use creative funding to obtain the capital.