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Updated over 7 years ago on . Most recent reply

Stefon Franklin's profile image
Stefon Franklin's profile image
Stefon Franklin
  • from Charlotte, North Carolina
  • Member since Feb 25, 2016
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Stefon Franklin's profile image
Stefon Franklin's profile image
Stefon Franklin
  • from Charlotte, North Carolina
  • Member since Feb 25, 2016
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Stefon Franklin
  • Charlotte, NC
9
Votes |
48
Posts
General Real Estate Investing

Land Investing & Selling

Stefon Franklin
  • Charlotte, NC
Posted
Hey BP Members, I sent out direct mail to single family residents and got a seller that’s looking to sell some land he owns. I’m not familiar the land aspect of real estate. How to estimate the value of land? I’m confused on what to offer because I know there’s really no comps in this situation. Any answers are greatly appreciated!
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Mark Podolsky's profile image
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Mark Podolsky
  • Investor
  • from Scottsdale, Arizona
  • Member since Feb 22, 2008
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Mark Podolsky's profile image
Mark Podolsky's profile image
Mark Podolsky
  • Investor
  • from Scottsdale, Arizona
  • Member since Feb 22, 2008
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Mark Podolsky
  • Investor
  • Scottsdale, AZ
112
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Mark Podolsky
  • Investor
  • Scottsdale, AZ
Replied

You could take the assessed value and divide by 4 to get a 300% margin of safety... That's what I would do... 

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