Like Joel Block says it can be dangerous to assume that it can be treated one way or another without supporting that approach.

I like Gary's approach regarding contacting the heirs.

On their listings which are designed to MARKET their company - not sell the property - they do not do a detailed breakdown of all costs.

Her approach really makes me think she's milking the situation.

Does anyone have any ideas , I have approached hard money lenders and they charge a higher rate One actually wanted 9% but I would have to flip the house because he wanted the loan repaid in one year.

I have not approached her, because I know her house needs a lot of work and I do not know how to come up with a sensible total for repairs, which means I need a Contractor.

With the corner and access you make the rules.300k is way to low and they can make up for it on the other 23 acres giving you more money.You really need someone on your side.If I were there I would work for you and NOT the developer.They are trying to wear you down and see the lowest you will take.You know the income approach but it helps also to have knowledge from the other side like I do of what the developer will do with the property and how they will most likely extract the most money for themselves.This will help you not hold them hostage but capitalize on their problem.Sounds like an unseasoned developer because they should have known long ago they needed your property to make it work.From an access,architectural,and design standpoint they need your land.

I'm a bit uncomfortable leveraging myself with credit, but would rather take a slow and steady approach of buying a rental home, getting a renter in it, pay off the first home, buy another rental property, the take the money from the 2 rentals and roll that into the 3rd home, etc.

This will allow you to save the $600 in fees you would have to pay to use the Realtor designation and have your own MLS access.

I have take a class with Robyn Thompson since then and enjoyed the different approach.