How to Pursue a Land Wholesale Deal

Question

After a few hundred or so phone calls I finally landed another deal I'm brewing.

However, it turns out to be a lot. Here's the layout so far... The property is very large and previously

included an extra acre, along with the seller's house -which both now belong to his ex-wife.

He's selling the remaining acres to me at a great price. The biggest issue I think will be

locating a buyer.

After doing some due diligence, I've noticed no new residential construction in the area, and the only buyers

seem to be business owners of companies conducting business within the vicinity. My game plan

is to mass email the investors on my large list, along with skip tracing all commercial businesses

within the area and pitching them the lot -since large lots around the subject lot's size have

been being purchased by business owners within this area.

I'm meeting with the seller this Friday to review and sign the contract, as well as

picking up the blueprints and survey (which was conducted about 6 months ago).

Any advice would be much appreciated, especially with whom to market the lot to and

what information I may need before doing so.

Thank you all,

Erik

Erik A. · Answer

Very helpful information Ray, thank you. I've postponed the appointment and will be speaking with the Building Department as soon as possible. Will keep you updated on what happens. In the meantime, I'll knock out a few hundred sales calls between now and then

Ray A Delfi · Answer

@Erik A. Besides doing a bit more research on land sales and giving you wholesale advice, Have you spoken to the building department? Is the property able to be built on, are utilities available, what is the land zone for. If you do speak to the building department do a parcel search on the property and provide them with a parcel number and lot information so they can easily look it up and not waste to much of their time. Finally if you aren’t knowledgeable and willing to buy it yourself walk away.