Build to Rent

[Nate Barbee]

Note to everyone, listen to BP podcast #168 guest starring Cameron Skinner. I had shifted my research a couple months ago to lots/land for development opposed to battling the red hot North Texas market for deals. Keep in mind I'm a buy and hold investor. My land development strategy wasn't clear. These were the questions constantly churning in my head.. Do I buy 100 acres, develop the land (without building) subdivide and sell? Buy 20-40 acres on the outskirts of town, subdivide into smaller tracts and build single family homes to sell? Or buy a lot within the city, build property and possibly sell or rent. Good news, this week's BP podcast has directed me to a clear path to start the real estate development process. I'm strictly researching lots within towns or cities east of Dallas, TX to build a single family home, or duplex to rent. Has anyone gone through this process lately? Any recommendations or problems you encountered along the way? I still work my day job which supplemented the down payments for my first 4 rentals. I'm looking to shift into real estate development full time. Nate Barbee (432)634-0656