Land banking means buying raw, undeveloped land and holding it, often for years, in anticipation of appreciation as development and population growth reach it.
Log in to followI tried to put a number on expected appreciation for a 26 acre parcel in an exurban county and got two answers I can't reconcile. Method one, county trend. I pulled fifteen years…
I've been reading the exit posts in here and they split in a way I didn't expect. Two different disciplines, both defensible. One camp writes the trigger at purchase. Sewer gets f…
I've been reading in circles on this. One thing I read said land banking is what big homebuilders do, where they option lots from a third party who holds them so they don't sit on…
Left my old field last year and I have been reading about every strategy in this forum. Land banking is the one I keep coming back to, mostly because I cannot manage tenants aroun…
Parcel is $240k, seller will carry at 6.5% with 20% down, interest only, quarterly payments around $2,600, balloon at year five. He's firm on the five years. My growth thesis on t…
Our storage yard lease runs out in March. We are paying $1,450 a month for a fenced half acre with a container and gravel, and the landlord has already floated $1,700. Over ten ye…
Bought 47 acres of dry pasture at $4,200 an acre in 2018, $197,400 plus about $3,800 in closing and survey. Flat, cleared, a mile and a half from a substation on a line that alrea…
I've been putting money aside toward a first parcel and got stuck on something simple. Land banking produces no income, so the property tax bill has to be paid out of something el…
Closed last month on 12 acres at $84,000, seller carried. Terms: $16,800 down, $67,200 at 5.5 percent interest only, monthly payments of $308, balloon at year seven. Taxes are $52…
Looking at 38 acres about 25 minutes past the last subdivision on the highway. Ask is $4,100 an acre, so roughly $156k. The listing says it carries an agricultural valuation and t…
I have been circling raw land for about a year and I finally have two things I can actually buy. Same money, very different bets. Parcel A: 34 acres, $4,100 an acre, $139,400. Nin…
I've posted here about analysis and no deals. This one closed in October and I want the numbers on the record while I still remember what I was thinking. 22 acres, $3,150 an acre,…
Asking is $310,000 on 38 acres, so $8,158 an acre. The parcel is outside the utility service boundary, paved county road on the south line, gently rolling, maybe 6 acres of it in…
I asked a seller on a 12 acre listing what his annual carrying costs were and he sent a short list. Property taxes, a vacant land liability policy, a couple of mowings, and a subs…
A sponsor I have been introduced to twice is raising for a land banking vehicle and I have the deck and a draft PPM on my desk. I have never put money into land and I am trying to…
62 acres at $8,000 an acre, so about $496k, sitting roughly a mile and a half outside the current utility district boundary. The district's water and sewer master plan shows a fut…
18 acres, $71,000, exurban county, my first land purchase and I have been slow on purpose. Contract has a title contingency with 14 days left on it. The commitment came back and S…
Coming from zero here. The appeal of land banking to me was that there's no tenant, no roof, no calls at 11pm. You buy it and you wait. Then I read a post where someone found out…
I've had 15 acres on a county road since 2016. Taxes are $310 a year, I do nothing to it, I drive out twice a year to walk the lines. The 5 acres behind me is landlocked. No road…
Two files sitting open on the same county. 18 acres inside the designated urban service area, sewer stubbed to within half a mile, asking $9,700 an acre. 40 acres about four miles…