My wife and I are new real estate investors. In less than a year we ended up with three properties. We were planning to move from our home in Austin to an area with acreage lots. We found a sub-division in Hutto that met most of our criteria. It was not our ideal location, but interest rates were low and this was our opportunity to buy our house of our dreams. The subdivision we found has great homes and plenty of empty lots. We purchased one of the lots, best one available. We hired a general contractor and started the build process. We have no complaints with the GC, but it seemed that the project was very slow. We had selected our floor plan, interior selections, and received a price. We negotiated the price down and even gave up some options, but we were still committed to building the home. Then our GC went on vacation. This is when we decided to see if any existing home out there would meet our needs. And we went to our ideal location and found a perfect home that was recently renovated on a large lot for less than the price of new construction. So we jumped on it, canceled out contract with the GC.

We turned our home in Austin to a rental. We used Bigger Pockets as a resource. And we have good tenants.

So now we have a 1.4 acre lot. A buyer approached me before I listed the lot up for sale. We have communicated back and forth through email, but there has been no contract drafted. The buyer has asked for the soil report on the lot. I don't have anything to hide, but the geotechnical soil report cost me $1500. I am reluctant to just share that, but I am also afraid to turn off potential buyers, as it may look like I am hiding something. How should I handle this? Should I tell them I will provide the report when are under contract. Should the sale price include the soil report cost? Any advice would be appreciated.