Looking for advice on potential wholesale deal!

[Anthony Vargas]

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.

[Michael Porche]

So with this specific property you will have to do other ways of comparables. First because its a rural area you have to see what other places that has 42 acres of land and what the land is going for in general. Then where is it located is a huge thing. Is it in the path of progress? What is the land being used for? Agriculture? Also how old are the structures. What was the cost of the structures. Cant really compare to city structures cause its a whole different beast. Feel free to connect!