Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Ray A DelfiPoster
- Rental Property Investor
- Poughkeepsie, NY (Hudson Valley Area)
- 102
- Votes |
- 188
- Posts
I found a lot for sale for $25k 7.8acres but it’s swampy
There is a 7.8acre with a 780’ front lot for sale in NJ outside of Atlantic City for $25k. There is sewer in front of it and zoned for Residential Compatibility (RC). It’s been on the market for over two years because it is swamp lands and the cost to do a wetland delineation survey on it is costly just to find out if it’s suitable to build on and a risk it it’s not. However, there are tons of residential properties surrounding it some are 1.2mil homes.
So I’m looking for some advice not to acquire the property but what would you do in this scenario? Anyone experienced with building on wetlands? What’s the process?