Vacant LOTS - Posted by Precious

Posted by David on December 11, 1999 at 18:12:04:

I bought quite a few lots there are all kinds of zoning, and environmental issues plus water and sewer issues where public facilities are not available. There can be survey issues, encroachment, rights of ways,and there can be problems getting even driveway access to the street. Also financing is not as easy as on houses. On the plus side values can be increased and profits made and there’s no rehab work.
The biggest negative is no income.

Vacant LOTS - Posted by Precious

Posted by Precious on December 11, 1999 at 14:26:56:

Good Afternoon All,

Can anyone please tell me the advantages and disadvantages of purchasing vacant lots?

Thank you kindly,

Re: Vacant LOTS - Posted by george

Posted by george on December 12, 1999 at 17:51:17:

If the lot is in an urban area you can rent it as a parking lot.

Poor liquidity - Posted by Dave T

Posted by Dave T on December 11, 1999 at 23:41:07:

It is very difficult to sell a vacant lot quickly.