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Real Estate Information |
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Yes But, How Do I Evaluate Buying Undeveloped Land And Get Into The Business?
These real questions on buying undeveloped land are answered by a US Master Builder and myself after receiving them from readers of my e-book, "Residential Development Made Easy." Question 1. What are some factors to bear in mind when purchasing undeveloped land for the purposes of rezoning? Master Builder & Developer's Reply: Study your Town Plan and see where your Council Planners want the physical growth direction to take place. Go and talk to the Planners - don't ask them for their opinion - you might sue them in a few years time, so they won't give you an opinion. However they will talk about Councils plans for growth. Ask about utilities such as water, sewerage, roads etc. These are very costly and they will want growth to take place where existing utilities have capacity to handle the growth. This way if you acquire raw land for rezoning, you are working within the "thinking" of the local authority. Be prepared to hold on the property for a long time. First thing to check before purchasing is to ensure it's not part of or can be part of endangered species. Then make sure that it was never part of or owned by a gas station, fuel company, salvage yard or had tire dumping. Also get expert tests. Make sure the land will allow for property to be built on it. Question 2. What methods does the builder use to evaluate prospective parcels for development, and determine the price to be paid for the land? (Again, assume we have a basic level of understanding) Master Builder & Developer's Reply: "Land is only worth what you can do with it."Question 3. What general advice would you give to developers who are just getting their feet wet in the market? Master Builder & Developer's Reply: Locate a Master Builder to work with. Master Builder's such as me, have a vested interest in ensuring your profitability. We can answer the questions you have about what to build and how to determine profitability. We enjoy mentoring and growing our developers. I also recommend new developers buy and study Colm's e-book, "Residential Development Made Easy." No other experienced developer has taken the time to write an instruction book like his - anywhere in the world, that is, so it is truly unique. The more successful and profitable you are the more successful and profitable we are. Be honest with the Master Builder you choose to work with. Ask for their assistance. In my case, because I am licensed, bonded and insured in all 48 continental states, I can help you put together a Residential Development Team who will provide you with their experience and support your efforts. We can provide you with financing for the development (if you qualify), financing for your home buyers, insurance, help you locate land, advise you on property, create a demand for your homes, etc? We work with developers with various levels of experience and who have varying levels of being actively involved in the decision making. A Master Builder can guide you. Show you how to get started. Get your feet wet. Example: I might start out with helping you to create a Residential Development Team or connect you to mine if I have one in your area. Then we would locate a lot in a development by another developer. Then we would help you to conduct basic market research in this controlled environment. How to write up a proposal for the builder (us) to work with you. Then the realtor would find a buyer for you. You'd sell the home. And, we'd use that one home to create a demand for more of our homes. You'd repeat your success a few times until you're comfortable and ready to develop your own raw land. Author & $1.2 Billion Developer, Colm Dillon, Has Written The Best Selling 'How-To' E-book, "Residential Development Made Easy," With Readers In All States Of The USA, Canada, Australia, New Zealand, UK, Ireland and 79 Other Countries. His Independent Web Site is: http://www.realestatedevelopmentcoach.com/ez
MORE RESOURCES: A Potential Mamdani Mayorship Strikes Fear in the Real Estate Industry The New York Times There’s one elite group propping up the Manhattan real estate market right now — everyone else is sitting on their hands New York Post Home Prices May Be Down in Some Areas, but Don’t Expect Your Property Taxes To Do the Same Realtor.com Triangle homes sitting on the market longer, why a real estate agent says it’s about perspective WRAL.com Wellness Real Estate Set to Top $1 Trillion | Florida Realtors 4 real estate investors shared with us an overlooked advantage to buying property - Business Insider Senate Passes Tax Bill With Major Wins for Real Estate National Association of REALTORS® Detroit sues blockchain real estate firm that owns rentals with hundreds of violations Detroit Free Press Detroit sues cryptocurrency-based real estate firm to correct hundreds of property violations The Detroit News Meet HBJ’s 2025 real estate power players Hartford Business Journal Inked: Long Island commercial real estate deals roundup Long Island Business News Detroit Evening Report: Detroit suing blockchain-based real estate firm for neglecting hundreds of properties WDET 101.9 FM 7 Morning Digest: Detroit sues crypto real estate company, community ice cream truck & more WXYZ Channel 7 Opinion: Anticipated tax changes impacting real estate industry Springfield Business Journal LOCAL REAL ESTATE TODAY 7.3.25 KQEN News Radio George Pierson, Realtor, Home 1st Real Estate JTV Jackson Real estate market still good for sellers Addison Independent CEO Roundtable: Residential Real Estate Springfield Business Journal Would lower interest rates help NH’s real estate market? NH Business Review ‘Unfiltered’: Social media that pays — and the channels to skip Real Estate News by RealEstateNews.com Real estate secondaries has plenty of room to grow, but pricing can be a challenge Secondaries Investor Real estate firm acquires Cecil residential properties for $14.6M Maryland Daily Record Dawson County weekly real estate transactions, July 3 Central Nebraska Today Chicago Teachers seeking MWDBE private real estate managers Pensions & Investments 'Keep it moving': HGTV cancels TV show hosted by Georgia couple after 4 seasons Savannah Morning News Real Estate Transactions: July 4, 2025 Greenfield Recorder Three reasons why there’s value in owning real estate as part of your collision business Repairer Driven News REAL ESTATE | Harley-Davidson in West Bend, WI sold Washington County Insider News of public record: Muskingum County real estate transfers Zanesville Times Recorder Real Estate Minute – 07-03-2025 Texomashomepage.com Texas Senate Bill 17 Restricts Foreign Ownership of Real Property in the State The National Law Review Texas Teachers assigns $950 million to real estate, private equity Pensions & Investments Real Estate Transfers: July 3, 2025 The Suffolk Times Compass ‘has not and will not adhere’ to Clear Cooperation Real Estate News by RealEstateNews.com It turns out some real estate people like Zohran Mamdani The Real Deal Is Your Money Safe in the Bank in 2025? Norada Real Estate Investments Homes for Sale in New York and Connecticut The New York Times Top residential real estate sales for June 16-20 in Sarasota, Siesta Key, Palmer Ranch, Osprey, Nokomis Your Observer Homes for Sale in Manhattan and the Bronx The New York Times Zillow ban lawsuit shakes real estate: What sellers need to know Fingerlakes1.com Hyatt Announces Agreement to Sell Playa’s Owned Real Estate Portfolio to Tortuga for $2.0 Billion Hyatt Newsroom The dreaded Zillow ban is finally here. Here's what you can do Business Insider More than 350 Quintana Roo real estate agents certified to provide buyers with verified ownership in real time Riviera Maya News Egypt Sherrod Shares Heartbreaking News About HGTV's 'Married to Real Estate' Country Living Magazine ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES TIMING OF RELEASE OF Q2-25 RESULTS AND CONFERENCE CALL Yahoo Was operator of San Antonio apartment complexes running a Ponzi scheme? San Antonio Express-News Zohran Mamdani’s Ideas on Commercial Real Estate Come Into Focus Commercial Observer Where Does Bruno Mars Live? Examining the Singer’s Real Estate Portfolio Architectural Digest Prime parade real estate Observer-Reporter Mounting lawsuits over cannabis real estate may force regulatory changes - Crain's New York Business Mounting lawsuits over cannabis real estate may force regulatory changes Crain's New York Business |
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