New to land development

[Cordell Critchell]

Hello everyone, 

I am new to land development and looking to connect with other developers. Looking to learn more about other people's deal and maybe advice. This is raw land looking to make lots and sell as ready to build sites. This seems like a much smaller community in the over all investment world and looking to connect with others. 

[Tony Gunter]

@Cordell Critchell

Start small. Try eating a mouse before an elephant to see if you like the taste or not.

As Jay mentioned, cash up front on the land purchase. Soft cost upfront shouldn’t be underestimated either. It’s a slow moving process too. Ground breaking to the first slab being poured could take 2 years on a 30-40 ac subdivision in my area. Depends on the terrain. They are typically moving LOTS of dirt on these new developments trying to push the units/ac on the zoning. Zoning… that can be an issue anywhere. The bane to new development, NIMBY’s. Even if an area is zoned for what you want to build you should expect delays because of public hearings and just general public angst that you have the balls to try to build something in the “countryside”. We have become the US of NIMBY. A major reason why we have a housing shortage, but I digress…

I know about this stuff from being a forester and working with land forever. 

Start with 2-3 acres and put a few quads or garden apartments on it. That is much more “doable” out of the gate IMHO. Plus, score one for experience on the resume after it’s done. If that interest you around Atlanta let me know. I’m open to discussing options and possibilities as our goals seem in reasonable alignment.

@Brenden Mitchum - thanks for the plug. Haha, that’s a high bar you set for me brother. 🥴

@Jay Hinrichs - Jay. Does what I outlined sound like a reasonable strategy to push into land development? Asking for my own interest and goals as that’s one of my own…