I’ve got to ask, why take cash out before she sells when she’ll get ALL her money at closing of the sale?
Generally on something like this, unless the vacant lot is worth a ton of money, waterfront, golf course, other unique factor, it’s best to offer it as an “addition” on the sale of the developed lot.
As example, 3/2 for $100K, adjoining vacant lot for $25K or buy both for $115K.
My friend owns her property free and clear, she wants to take some cash out before she sells the property, what would be the best way to go about this. The property that she owns is actually two lots the front one has an old house on it that needs repaired. Should she sell her two lots together or as two seperate deals?
Thanks,
GLC