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Updated over 4 years ago,
Looking for advice on potential wholesale deal!
I have most recently started looking for wholesale deals in my area & have a found a potential deal. It’s a in a more ruala part of my area being 3 miles outside the city limits. The property sits on 42 acres that has two houses built, one primary and a guest house. One of them is 2500 sq ft and the other 1080 sq ft. Also has a barn on the property. The owner was a asking 690k but after speaking to him stated the minimum that he’d take is 650k. I have an appointment to see the property and am curious as to how I can more accurately come up with a offer. I have been looking for deals in city limits and have been running comps on property around 100-200k, but with so much more land I’m having difficulties determining an accurate value of the property. Most the land is farm land & the property is near the interstate.
If I left out any important information that would be crucial to pointing me in the right direction please let know, any information helps.