Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 23 days ago on . Most recent reply

User Stats

369
Posts
233
Votes
Michael Hayes
  • Investor
  • Memphis, TN
233
Votes |
369
Posts

I'm Under Contract on a School

Michael Hayes
  • Investor
  • Memphis, TN
Posted

Need some help analyzing a deal a partner and I are under contract on.  Long story short, it was basically handed over to us.  Address is 3282 Millington 38127. It is a 4.3 acre stretch of land, and a former church used to be there before it was demoed.  The parcel directly to the right of it is a school that is also needing major repair or demo sitting on another .9 acres.  We're under contract for $50,000.  We were first looking to possibly partner with a developer, or possibly just sell as-is.  No idea how to price this thing or how to approach it.  Would appreciate some help from my Memphis locals.  We are also currently in search for a lender just for the purchase.  https://drive.google.com/drive/folders/1oi-cXdiRWfgu9Hhean3x...

  • Michael Hayes
  • Loading replies...