How to analyze a speculative build deal?
Hi everybody! I'm currently looking at a deal that is most likely a tear down. Asking price is $175k. The land is assessed by the city at $185k. The house is valued at $75k. The subject property has an ARV of $350k. Very fast comps. And the median price is $350k. Is there anybody here that can help me out figuring out if this is a deal worth pursuing? Thank you ladies and gentlemen in advance!