The house itself is a 6/4 which could be rehab into 3 separate units based on the current floor plan.my question is how do i analyze the value of the raw/undeveloped land ( the two attached lots) in order to make my offer??. 

The house itself is a 6/4 which could be rehab into 3 separate units based on the current floor plan.my question is how do i analyze the value of the raw/undeveloped land ( the two attached lots) in order to make my offer??.

Hopefully that was just a one off situation And the next meeting will be more fruitful. 

I'm interested in purchasing a piece of raw land that is about 20 acres using my IRA. 

Should the offer be based on the raw numbers?

Im new to real estate investing with an interest in wholesaling raw land.

You'll have to do a lot of digging because the low-hanging fruit has, mostly, been plucked. 

i am wanting this income to be taxed passively, so i can avoid self employment tax. when cash flow starts coming in is when i will transition into full time real estate investing. i.e. flipping, buying raw land and developing, etc. doing most of the work myself having been in the construction trade for the last 20 years. would that put me as a real estate professional?

Boil down design requirements to raw numbers I put on a drawing.

I went for the lowest hanging fruit to gather as much information as possible.