When analyzing a property, do not only focus on the house. Make sure you understand what the land itself is worth.
The structure could be outdated, damaged, or barely worth saving—but the lot may be the real opportunity.
Ask yourself:
✅ What have similar vacant lots sold for?
✅ Can the property be subdivided?
✅ Is the zoning more valuable than the current use?
✅ Could another unit or structure be added?
✅ Is the area growing or being redeveloped?
Sometimes the house is not the gold mine.
It is just sitting on top of it. 💰
Always underwrite the building and the land before deciding what the deal is truly worth.