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…
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'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…
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…
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…
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…
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…
A friend forwarded me a land loan term sheet on a 12 lot split so I could see what these look like. There's a partial release clause that says lots are released at 115% of the pro…
Been running small numbers because that's the size I can actually fund. Ten acres, buy around $38k, split into two fives, comps on 5 acre pieces in that township are maybe $28k. S…
A sponsor deck I was reading showed a parcel bought at about $4,000 an acre and modeled the resulting lots at $9,000 an acre. Same dirt, same road frontage, and the only thing tha…
I don't want a second job. A land planner I called quoted $6,500 to take a 22 acre parcel through a minor subdivision into four lots, and said that excludes the survey, the county…