Land/lot deal in Minneasota

[Kevin Gibson]

Hi All- I’m a rookie real estate investor in MN looking for MF rentals to buy/hold for long term investment. I’ve done a lot to educate myself in MF rentals however I came across a land/lot deal that seems to look like a potential good opportunity. The lot is under priced by about 75-100k vs. the comps in the area. My question is, what are the things I need to consider in the purchase/re-sell of raw land? As I mentioned this is not my are of focus so I have done little research around this however at face value this seems like a good opportunity to purchase and sell for a nice profit. Any help is much appreciated!