I am drawn to purchasing raw land and building fresh!

Hello thank you James, and Rafael I appreciate the reply I'm in the same situation unfortunately Wednesday are a hard day for me to take off from my business or i would attend a few, I can pull out a Wednesday on the day of the sale but probably won't have much of a chance to be able to do it twice in a raw, Rafael I do have the upset price as I contacted the law firm handling the case and it's $ 388 K including attorney fees etc. the original loan was for about $ 340 something K and homeowners defaulted about 7 years after so I'm assuming the balance is probably in the upper 200 K I was just trying to get an idea as to what the bank opening bid might be, I know all banks are different but I've heard of some going in as low as 70% or 80% of the outstanding balance etc. any opinion?

Hello there...I have over 600acres in southern west virginia that is 15 mintues from a commerical airport a 4-star resort a top 10 small town in america award and adjoins a national forest. It has roads throughout the...

If you want no rental headaches, you might consider raw land or a second home.

Maybe it's just a raw numbers and density thing though.I have found that if you talk to the lender, you can pretty much stall a FC as long as you want.

As an example, here is a chart of SFR sales volume by month over the past 5 years in Austin:Here's the raw data for the above chart:Let me know what else you'd like to see.

You can learn a lot from other experienced builders here to take that raw land to a valued improvement

I'm not really familiar with comparative market analysis as it pertains to raw land, but I would think this parcel is worth around $75k-110k based on what has sold in the area.Given the bargain price and the fact that the seller hasn't put it on the market --why hasn't he if he could list it for retail price?

Disclaimer: I run a private Facebook group called "Land Motivation" for active raw land investors and Jack Bosch is one of the mentor members.

I am currently looking to purchase a few pieces of raw ground and am looking for some insight on how to close on the properties.