Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

26
Posts
10
Votes
Tyrone Alcorn
  • Austin, TX
10
Votes |
26
Posts

Wholesaling land?... any ideas

Tyrone Alcorn
  • Austin, TX
Posted
Stumbled on a seemingly motivated seller but he instead offers to sell his land. First off, I'm new to wholesaling in general and this happen. Just started some light research but does anybody have any experience with this. Dig in a little and he's just an older guy whose son has since moved out therefore he alone. Made an appointment for this weekend to meet with him Guy has 14 acres, asking price is $500k but looking at loopnet doesnt seem to farfetched. Any ideas?

Most Popular Reply

User Stats

63
Posts
33
Votes
David Sussman
  • Investor
  • Indian Trail, NC
33
Votes |
63
Posts
David Sussman
  • Investor
  • Indian Trail, NC
Replied

Check this article (and the rest of the site) for some good info on land deals.  https://retipster.com/anatomy-land-deal/

Just try to offer around 10-25% of the retail value of the land.  Remember, land usually sells much slower than houses, unless it's in a really hot location, so you'll have to lower your asking price quite a bit from retail in order to sell it quick.  

  • David Sussman
  • Loading replies...