I currently have a possible wholesale deal in Austin (East), however, the owner is also wanting to get rid of a lot next to this junker property. Would buying a lot appraised at 10K next to the property be a good investment (if the price is right)? Would it be more marketable? Here are the numbers:
Appraisal (House): ~28K (listed as 600sqft, but really ~1000sqft)
Appraisal (Lot): 10K (adjacent to the property)
The owner says he just needs both of these of his hands!
Thanks for your advice in advance!
Aristeo