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Updated almost 10 years ago on . Most recent reply

User Stats

208
Posts
32
Votes
Natasha M.
  • Investor
  • Maryland
32
Votes |
208
Posts

calculate Land offer

Natasha M.
  • Investor
  • Maryland
Posted

I'm really new. I haven't done a wholesale deal before but I understand how to analyze houses. However, I have 3 FSBOs in the Baltimore Maryland Suburbs who want to sell their old house/land. One is a possible tear down. one was torn down due to a fire, and the last house was built 1900 and is currently being rented. Together they have over 50 acres of land combined between the 3 FSBOs. 

I want to help them rid of their property but I don't have the $1,000 to pay an environmental engineer to give me a report on each property to forward to a new developer.  I have determined the zoning & about how many subdivisions can be created on each property. How do I go about calculating a fair offer so I can wholesale them, or even just bird dog to a new construction developer?

I'd appreciate any suggestions

Most Popular Reply

User Stats

208
Posts
32
Votes
Natasha M.
  • Investor
  • Maryland
32
Votes |
208
Posts
Natasha M.
  • Investor
  • Maryland
Replied

Hiya @Steve Vaughan!

 hahaha... that's sound advice at a great price lol. Seriously, thanks so much, I didn't think of that & I can totally do that for now, but I'm hoping to learn what else I can do because I'm expecting to run into this a lot here in MD. So far I do find the different details of each property interesting. Who knows,... it may become my niche.

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