Hello to my DG Family! Need some suggestions please. Located an ugly house. Called the realtor, to my surprise, the house sits on 8.5 acres with another house on the acreage. It was once farmland and is owned by a father and son. They had the land rezoned for townhomes and it will hold 102 of them. Oh, the asking price is 1.5 million and has been that since before the real estate market took a plunge.
I talked with the realtor and she indicated the family would take "a little less". I know I can either flip this to a builder or investor providing I can get it at the right price.
Any suggestions would be greatly appreciated!