Miami, FL · Member since 2011 · 299 posts · 74 votes
Hello fellow investors,
I received a flyer in my mail about a one-day sale of land in Lake Nottely, northern GA. Supposedly lots of subdividable 6.5 Acre w/private dock for 30K...and with a "log home package" for 70K (package includes materials, no construction)...and some other options as well.
This is not the first time I see one of these offers. Are they worth even the time to research?
@Allende Hernandez Lake Nottley is a beautiful lake. I doubt they would be selling a lot that size for such a low price if it could be sub-divided. The home kit is just the framing and you would need to find a builder as well as putting in utilities. Figure at least $200 a sq. foot for a completed home. A good GC in that area will be hard to find as all the good ones are busy and if you are out of state it probably won't be a good experience.
@Evan Parker I'm not sure, I haven't called their number to dig more. The 70K is for the lot and the cabin (Ikea style). At least that is what the ad says. I am sure there is more to it.
I am curious because with a 6.5 acre lot, you can fit in a few of those cabins.
Hopefully someone who had looked into these type of deals before finds this thread and shares his/her experience/opinions.
@Allende Hernandez Lake Nottley is a beautiful lake. I doubt they would be selling a lot that size for such a low price if it could be sub-divided. The home kit is just the framing and you would need to find a builder as well as putting in utilities. Figure at least $200 a sq. foot for a completed home. A good GC in that area will be hard to find as all the good ones are busy and if you are out of state it probably won't be a good experience.