Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

16
Posts
11
Votes
Jerrod Hill
  • New York
11
Votes |
16
Posts

Process of buying land for development

Jerrod Hill
  • New York
Posted

I have been researching into building a home from scratch. I haven't been able to find good podcast or resources on here that discuss this topic. I understand the design and build part, but I don't know where to start when it comes to buying the land. I read some high level tips, but I'm trying to understand it more intimately. Any tips are welcome. I'm looking in Ohio as of right now, but open to KY and IN. Things I'm trying to understand:

1. The buying process (do I get a realtor or go through the city)

2. Things to look out for when buying (i.e. size, elevation, topography, zoning)

3. If there are trees and etc on the land...what is the process of clearing this off

3a. Are there land developers that I should research

4. How do I value land and get a good price

5. How long does this take

Most Popular Reply

User Stats

20
Posts
34
Votes
Drewy Osazuwa
  • Rental Property Investor
  • Bowie MD
34
Votes |
20
Posts
Drewy Osazuwa
  • Rental Property Investor
  • Bowie MD
Replied

I've been doing infill lot's in PG county Marland and the process I can tell you differs from county to county but I'll give you an outline of my process 

1) It's not unusual to see lot's on the MLS for 100+ days, do not be alarmed there are not too many people operating in the sphere

2) Just like rehabs I typically start by looking at what I can potentially build on the lot and my ARV ( I know my area pretty well, so I'm only buying lot's in specific zipcodes ) my typical target is 2500sqft above grade with an AVR for $500+

3) My research starts with my surveyor, I provide him with the address, he comes back to give me thumb-up or down or any potential problems I may face, such as wetland, DDO zone  (Development District Overlay) e.t.c 

4) After closing on the lot in my county I need to get NRI ( Natural Resource inventory) this plan provides documentation of the existing conditions on a site / TCP ( Tree Conservation Plan ) exemption, I get an exemption because I'm buying infill lot, this is typically handled by my surveyor and take about 30days 

5) Next is my stormwater management: Again I'm getting an exemption because I'm disturbing less than 500sqft of land, handled by my surveyor 

6) Once I have the 2 approvals listed above, I'm allowed to submit my building plans for approval, in my county turn around time for approval is about 3-4months 

Hope this helps

below is a link to my last new construction project, got a few more in the pipeline

https://www.redfin.com/MD/Cheverly/2417-Parkway-20785/home/10547525

Loading replies...