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Updated about 8 years ago on .

User Stats

28
Posts
15
Votes
John Lopez
  • Investor
  • Charlotte, NC
15
Votes |
28
Posts

Vacant Land puchase, need advice

John Lopez
  • Investor
  • Charlotte, NC
Posted

I found a wholesale deal for a ~11 acre vacant track.  It is on the edge of an expanding small town.  The tax value is 100K, and the asking price is $20K. Seems like a good deal, but I know nothing about purchasing land.  What are the potenial hazards here? I look forward to your input

- Aerials from 1970's to present show the land has been vacant/wooded

- Zoning is Residential

-There are high tension wires running through property