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Updated about 1 year ago on . Most recent reply

User Stats

5
Posts
1
Votes
Daniel Duku
  • Developer
  • Philadelphia, PA
1
Votes |
5
Posts

Buying Land in Philadelphia

Daniel Duku
  • Developer
  • Philadelphia, PA
Posted

Hi Everyone, 

I'm not a stranger to real estate in general, but this is my first full year as an investor . My strategy is mainly ground-up construction because that's where I have the most experience as a construction project manager. 

I'm very interested in purchasing a piece of land I came across in south philly. The seller has asked for only a 10day due diligence period. I initially thought that was a very tight window for a land purchase, but I'm curious to hear if that's the norm for everyone? Maybe I could ask for some favorable terms for DD period when I'm putting in the offer?


I'd love to hear your thoughts on that. Thanks everyone 

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