In addition to documenting transactions and preparing and reviewing contracts of all kinds, Rick's areas of practice include purchases and sales of homes, raw land and commercial property.

Options are limited for properties requiring extensive repairs or raw land.There are some other lenders - generally private funds - that will tackle more difficult to evaluate or risky projects such as flips, but the rates will go up in those scenarios.

There is always the risk of a major flaw (I just pumped raw sewage out of a crawl space for $5K but I had that built into the numbers with a contingency budget...not fun but the deal is still CF positive).

I was thinking to stuff on my own until getting first wholesale deal on this campaign, in order to get the raw experience and feel the pain I guess, haha.

But there is not recent sales or listings of undeveloped raw parcels nearby.Does anyone have thoughts on a decent factor to apply to developed parcels to estimated undeveloped land value?  

How does Papa John's stay in business when you could buy all the raw ingredients for pizza and make your own at a lower cost?

I have an opportunity as a vet to purchase raw land from the Texas VLB before the tracts are offered to the general public.

Options are limited for properties requiring extensive repairs or raw land.

As the other wonderful posters before me stated it's really about crunching the numbers (or having an accountant d o it) and having all the raw data in front of you so you can see if it makes sense.

What considerations should I be making before buying raw land to develop into a future homesite?