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Updated almost 7 years ago on . Most recent reply

User Stats

68
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12
Votes
Jason Kosowan
  • Investor
  • Virginia Beach, VA
12
Votes |
68
Posts

Land-locked parcel - good for a beginner land investor?

Jason Kosowan
  • Investor
  • Virginia Beach, VA
Posted

Hi everyone, new raw land investor here.

One of my first leads came in yesterday and I wanted to solicit some opinions on how to proceed. It's a 14 acre property but has a couple of problems with it.

First, according to the seller, there's a fallen-in house on the property so there's going to be a big clean-up for whoever buys the land.

Second, and perhaps most importantly, it's land-locked behind another property, so I don't even know if any buyers would even have access.

I was thinking that this could all be counteracted by just a really low offer with an explanation of all the issues. But I'm actually wondering if I should just walk away. This would be my first deal so I do not want too many complications.

Thoughts?

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