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Updated over 5 years ago on . Most recent reply
Buying Vacant Lots / Lands in Opportunity Zones
The subject of opportunity zones has become pretty popular. I was wondering if anyone has thought about or actively try / tried to buy up vacant lands / lots within a zone and maybe flip to developers? Or partner with developers to build a house and flip?
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Greg Dickerson
#2 Land & New Construction Contributor
#2 Land & New Construction Contributor
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- Charlottesville, VA
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Greg Dickerson#2 Land & New Construction Contributor
#2 Land & New Construction Contributor
- Developer
- Charlottesville, VA
@Sin Hang Lai OpZones are a shelter for capital gains so you need to have a gain to invest in the land and an approved plan to go vertical.
OpZone deals are happing all over. This is not a land bank play. The land needs to be shovel ready as there is a time frame tied to funds going into a project.