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Updated over 5 years ago on . Most recent reply

User Stats

128
Posts
25
Votes
Matthew Maggy
  • Rental Property Investor
  • Richmond, VA
25
Votes |
128
Posts

Clearing a large lot

Matthew Maggy
  • Rental Property Investor
  • Richmond, VA
Posted

I have a lot that I bought at auction for $8400 on the outskirts of a rapidly gentrifying neighborhoods. I have an offer to sell it for $70k and it could probably be divided into 4 or 5 lots. It is seriously overgrown and backs up to a creek. Is it worth paying to have it cleared? Will that add enough value to make it worth the time and cost?

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