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 followI 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…
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…
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…
Sponsor has 120 acres under contract at $6,800 an acre, $816,000. Plan is twelve 10 acre lots, and their pro forma puts them at $135,000 a lot, so $1.62 million gross. They're rai…
I coordinate survey and plat work for people doing small splits, and I decided I should actually do one myself before I charge anyone for advice about it. 22 acres at $6,500, so $…
Sponsor I've done one small deal with wants $220,000 of preferred capital at 11% accrued, no current pay, into an 86 acre split. I built the model off his assumptions and then sta…
I'm looking at a $310,000 first position private mortgage on 46 acres, offered to me as a $100,000 participation. Borrower's plan is five lots. I'd rather understand this than own…