I call back, and discuss over the phone a raw offer, and about the contract, and about seeing the home with a contractor.

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.

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).

Thanks for the reply Lane,I think you make a good point that I need to spend more time just crunching the raw numbers.  

These are just raw, unfinished wood doors.

If it is raw land, you will need to finish the lot.

I've only built new from raw land, or renovated existing structures.

(Think about how buying a pre-cooked rotisserie chicken in the deli is more expensive than buying a raw chicken and some spices and doing it yourself.)

The properties I successfully fliped include a 10 unit apartment house, raw land, two automotive repair facilities, and a retail store front.

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?