The subdivide-and-sell strategy involves buying a larger parcel of land, dividing it into smaller lots through the legal subdivision process, and selling those lots individually for more in aggregate than the whole cost.
Log in to follow36 acres, county ordinance exempts a division of four or fewer lots from the major subdivision requirements, meaning no engineered road to county standard, no stormwater plan, no…
This one got away from me because I trusted a comp set that was doing work I didn't understand. 62 acres, edge of a growth corridor, two road frontages, in a county that had been…
This is my first split and I did the underwriting from listings because that's what I had. My state is one of the roughly dozen where sale prices aren't public record, so the coun…
Talking to insurance people about a tract I might split into six pieces and I got two different answers in one afternoon. My agent said raw land needs nothing because there's no s…
I manage rentals for other people, so the paperwork discipline should have been there. It wasn't. 46 acres on the edge of a growing exurban county, $9,400 an acre, $432k. Zoning w…
Seven lots on 31 acres, new 1,100 foot gravel road to county standard, cul-de-sac bulb at the end. I've built roads for other people for years, so this was supposed to be the part…
Two parcels in the same county, both plausible three or four lot splits, and I can only do one this year. First is 58 acres at $6,300 an acre, so $365k. Forty tillable acres under…
I have 47 acres under contract at $380,000, so about $8,085 an acre, with 60 days of due diligence and 22 of it gone. 620 feet of frontage on a paved county road, gentle slope, on…
I'm partway through the licensing coursework, which is how this came up. If I buy a 40 and split it into six lots and sell them one at a time over two years, am I selling my own p…
16 acres, listed a while, frontage on two roads, priced at about $7,500 an acre. The listing says "possible split" which I've learned means nothing. The county ordinance is online…
Under option on 27 acres, $5,000 option fee applied to purchase, 90 days to decide. Plan was four lots off what I thought was 400 feet of road frontage plus a shared gravel drive…
Five lots coming off 41 acres, preliminary approval in hand, plat should record in the spring. Access is off existing county frontage so there's no road to build, which is why I b…
My county planning page has two columns. One says "minor subdivision, 4 lots or fewer, administrative review" and the other says "major subdivision, preliminary plat, public heari…
Seller wants $159,600 for 38 acres, which is $4,200 an acre. It's been listed a while, mostly wooded, one long side on a paved county road. What I think I have. Sold comps in the…
Tract is 60 acres at about $4,200 an acre, so $252k. Zoning supports 5 acre lots, twelve of them after the road takes its bite. Sold comps for 5 acre pieces within four miles are…
I wanted the version of land investing that has no surprises in it, so I picked the smallest split I could find and did it slowly. 9.1 acres in a county about 40 minutes from a mi…
27 acres, six lots, preliminary plat conditioned on access. County will take either a shared private drive built to their gravel standard with a turnaround, or a dedicated paved r…
Contract out at $280,000 on 80 acres, so $3,500 an acre. Zoning is 5 acre minimum. After a road corridor and one unbuildable low area I get 14 lots. Comps on finished 5 acre lots…
Notes and paper have had me confused for a few months now, so of course the first live thing in front of me is a note problem. 60 acres, seller wants $240,000, which is $4,000 an…
I've got 14 saved listings and eleven of them use some version of that phrase. One is 30 acres in a 2 acre minimum zone, which the agent described as "up to 15 lots." It has maybe…