The $49,750 Lot I'm Offering $25,000 For » 1455

I’m taking you behind the scenes as I analyze a vacant lot and make a real cash offer. No theory here. I’m looking at actual sold and active comps, figuring out what I think the property can sell for, and working backward to determine my offer.

The numbers suggest this 1.14-acre lot could sell for around $49,750. After factoring in my desired profit, realtor commissions, photos, and closing costs, the spreadsheet says I could offer around $30,000. But I have a simple rule for properties under $100,000: I usually start around 50% of value. So I’m sending the seller a $25,000 cash offer.

I also show you how I create the offer letter, attach a proof of funds letter, and send it in a way that builds credibility. You don’t need to overcomplicate land investing. Learn the numbers, make good offers, and get them in front of sellers.

What’s Inside: 

—How I use sold and active comps to estimate a vacant lot’s value

—Why I’m offering $25,000 on a lot I believe could sell for $49,750

—How I account for profit, commissions, photos, and closing costs

—Why proof of funds can give your cash offer more credibility