Insider knowledge giving me a great opportunity

[Alecia Loveless]

I’ve come across a piece of land with town water and sewer. I know our local zoning regulations are about to be changed allowing 1 primary residence and 1ADU on every parcel in town. This parcel can potentially be subdivided into between 3-6 separate lots creating the possibility of 6-12 units.

All in after costs to build out tiny homes on them with anywhere between 6-12 units it meets the 2+% rule for investing and would also be worth a significant amount of value once built based on its revenue.

Should I jump right in and make an offer like I’m assuming I should? I’m a gambler at heart and like to take risks. The last two have netted me over half a million in equity in less than 6 months.

Even if the ADU project gets delayed I'm looking to build my own house in a few years and this location would be a great place or I could also just subdivide the lots in 3 and resell them cheaper and make a profit too.

[Ray Hage]

It sounds like a slam dunk based on your description. What is the downside of this? I would imagine it is the plans the change. Is the price of the land reasonable?