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Updated almost 9 years ago,
Need help assessing value of land in MD and advice on land deals.
My most recent direct mail campaign targeted mostly SFR but I have recieved more people with land they'd like to sell rather than houses.
Although it's not what I targeted I wanted to get advice from the BP community of how to assess the value of land. I know a few maryland investors who told me they are interested in land but I don't know how to assess value or if it's even worth pursuing as a wholesaler?
I know zoning, utilities on site, wooded/clear lot, location, ect. all plays a part in value but not sure where to start and I know tax assessors evaluations can be far off.
I'm an open-minded kind of guy and even though this isn't necessarily what I targeted, if there's an opportunity.. I'll take it.
What are your thoughts?
Thanks in advance,
Justin