Development Land and Best Practices

[Evan Conner]

Hello!

I am a Realtor that has taken on a listing in a fairly rural town in SW Missouri and have some questions. The land is in a prime location for either commercial or (best use, in my opinion) a subdivision. The town that it is located in has a dire need for "affordable" housing and the city has even created some incentives for builders that build such houses, $200,000 and under. As of now, the land is zoned agricultural but as stated above the city would be happy to re-zone if such houses were going to take its place. As the agent, I wonder if asking my clients to begin the rezoning process would be necessary if you were looking to buy to develop? I don't have much knowledge from that standpoint, just looking for advice. Now... to the investor side! Has anyone purchased land (this is 35 acres) and subdivided it to flip the lots? Is that lucrative or worth the headache that comes along with it? The property itself is as desirable of a location that has been available in the town for quite some time, as well. I appreciate any insight and I'm happy to go over the details further if you or someone you know is interested in a property like this!