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Updated over 2 years ago on . Most recent reply

User Stats

60
Posts
93
Votes
Angela W.
  • Attorney
  • Houston, TX
93
Votes |
60
Posts

Purchasing Land and Building Utility Line

Angela W.
  • Attorney
  • Houston, TX
Posted

I'm thinking of purchasing land from the outskirts of large cities than building out the utility lines so they're ready for purchase. The issue is how long I'll be sitting on them since the economy is slowly going down. In particular, I'm looking into Texas. Any insight from investors and developers?

Most Popular Reply

User Stats

60
Posts
93
Votes
Angela W.
  • Attorney
  • Houston, TX
93
Votes |
60
Posts
Angela W.
  • Attorney
  • Houston, TX
Replied
Quote from @Daniel Martinez:

we purchase land in the outskirts of cities and just sell. We don't do anything to the land usually. We do 6 figure deals frequently. 

Don't hold, just buy under value and sell at full price.

What's your evaluation method to purchase land?

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