Purchasing Property next to a sub division

[Clayton Crawford]

Hello BP! I'm looking at a piece of property that's sitting right next to a nice sub division in my area. it's over an acre and there's a little house on it. But, the home is basically fire wood. I'm wondering what are the positives and negatives of purchasing real estate like this? Can i buy it and just add to the sub division? Hold it and look for developers? etc..

Any information on this would be great. If you have any questions about the property, please ask.

thanks.