Buy Property to Sell Land

[Matthew Ignacio]

So, I'm just getting started and one of the things that stuck with me when initially learning this business is that hesitation is the difference between making money and missing an opportunity, that's why I'm turning to my fellow BP. I have come across an investment that I am considering. The asking price is low, like under 20K low. The seller is trying to get out from under it because it was her mother's property and her mother recently passed away, that why it's selling cheaper. I'm wanting to jump on it because the silver lining is that house sits on 5 Lots and the purchase would include the house and all 5 lots, so my initial thought is to purchase the property and sell the 5 lots as Land instead selling the "house." One more thing that makes me cautious is that property isn't in Prime Real Estate Area... So I'm on the edge. What are the Pro's and Cons? What are things I need to consider when purchasing property from a person who attained the property by death? Any other input is much appreciated! Thank you all in advance!! 🙏👍