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'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…
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…
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…
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…
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…
I'm looking at 60 acres about nine miles past the last recorded subdivision. Asking is $4,200 an acre, so $252k, taxes run about $1,900 a year on the current ag classification, no…
A listing came across my feed for 5 acres at $12,000, and the seller says the property tax is about $180 a year. My plan was to just own it and let it sit, which someone in anothe…
I get the mechanics. Buy raw land, don't improve it, wait, sell for more. What I can't picture is the moment the value arrives. Nobody wakes up and decides the field is worth trip…