Dallas-Fort Worth Real Estate Investor Club

Housing Lots in Mesquite

  • 19 Jul 2015 5:35 PM
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    Message # 3441035
    Deleted user

    Good Evening. I was approached about purchasing several lots in the Mesquite area.... There are homes on either side and these lots are in established neighborhoods. What I don't know is what I could potentially do with these lots. I don't want to build a new home on the lot because the neighborhood is older.... I don't want to put a mobile home there because there are no mobiles in the area... Pardon my ignorance here but what would any of you do with a situation like this (other than just walk away)? 

    Thanks,

    Brian R. Baker, MBA 

    Texas Housing Partners LLC / New England Housing Partners LLC

    brian@texashousingpartners.com 
  • 19 Jul 2015 7:05 PM
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    Reply # 3441089 on 3441035
    Jesus Galaviz

    Find a buyer before you buy (REI meetings are a good place...) and flip them.  A builder may be interested, or a passive investor who wants to hold them for appreciation.

    Last modified: 20 Jul 2015 10:04 AM | Jesus Galaviz
  • 19 Jul 2015 10:14 PM
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    Reply # 3441151 on 3441035
    Deleted user

    Sorry Jesus, I was not very clear... These lots don't have homes on them. The homes were demolished by the city. So it's just a lot. 


    Brian
  • 20 Jul 2015 9:26 AM
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    Reply # 3441551 on 3441035
    Philip M

    These sound like the lots that the city is auctioning off with the bid closing Aug 4. Do your research, the minimum bid seemed a bit high to me.  
  • 20 Jul 2015 9:41 AM
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    Reply # 3441568 on 3441035
    Deleted user

    That is exactly what this is, and I agree 100%... I'm going to walk away from bidding, but I'm still curious what someone would do with something like that once they had the property.... 
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