VACANT LOT INVESTING
Hi. Craig here. Real Estate Newbie.
I came across a 5 ACRE Lot for sale for a lot less than the assessed market value. It's located right on the outskirts of a booming area about 45 minutes from Downtown. I suspect it to be filled with homes and businesses within the next couple of years based on the number of homes sold and built in just the last 90 days! There are scattered homes on big lots in the surrounding area which have values of 100K+ including one home at over $1,000,000! This 5 ACRE Lot is for sale for a little under $90K. Water, sewer, gas, electric all provided and only 5 miles from each level of school. No zoning ordinances. My gut is telling me this is a great opportunity but I'm not quite sure what I'm looking at. Any thoughts, tips, or willing partners?