Buy/Rezone/Divide Raw Land - Suggested Reading and Guidance

[Michael Spindler]

Hi BP,

Regarding raw land - zoned AG. Does anyone on this site have experience with buying, rezoning and dividing land for residential SFRs/MFRs (2-4)?

Before buying, is it wise to speak with a lawyer specializing in local zoning laws? And to evaluate the property first?

Can anyone recommend a book(s) specific to this type of investing? Would you be willing to share your process, system, or other outlined formula that you follow?

Projects this large would require OPM. Would any book on writing a proposal/business plan work? And if so at what stage of the process? i.e. Do I hire and pay the lawyer, as to feasibility and a summary or other report to market to other investors? Or do I need to secure the property first with a contingency and then the mad dash to pull everything together?

In addition to dividing, do you need to put in the infrastructure, before you can sell to a builder? i.e. roads, sewer, water mains, etc...

I appreciate any information and direction you can provide.

Best wishes.

Michael