Vacant Land - Posted by Alexander - CA

Posted by Jimmy on September 14, 2008 at 05:16:43:

vacant land is tough.

is this land of any use to anyone in its undeveloped state? grazing for livestock? parking for big rigs/construction equipment? anything? you know the property. tell us the possibilities.

same line of questions apply to you as a developer. what is the highest and best use of the property? zoning issues?

as for selling. same issues, again. who is your most likely buyer? a residential developer? a commercial developer for stripmalls, office bldgs, apartments,… you identify the most likely interested party, and then seek them out.

as you may have already figured out, holding raw land is a rich man’s game, and is speculative. you can hit homeruns, and you can strike out. but you are guaranteed to stike out if you can’t carry the property for the long term.

Vacant Land - Posted by Alexander - CA

Posted by Alexander - CA on September 13, 2008 at 23:56:13:

Anyone had a vacant land leased?
I have a property in Texas in a great location of a fast-growing town.
I am considering ways to rent it.
Has anyone been successful in this?

All ideas would be appreciated.

Re: Vacant Land - Posted by Bill H

Posted by Bill H on September 14, 2008 at 16:22:32:

Jimmy is absolutely correct. There is NOT a developer in the world that wants vacant land to hold on to.

They all have plans, and projects planned for the land before they will talk to you about it.

The things Jimmy included are just the beginning of the “Hoops to jump through” to get it developed.

Been there, done that…hit a home run or two, couple of doubles, no triples, and lots of singles.

Vacant, raw land is the highest risk highest reward part of the industry.

Be, as Jimmy say, more specific and perhaps someone will assit you.

Good Luck,
Bill H