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Updated about 1 year ago on . Most recent reply

User Stats

64
Posts
33
Votes
Thomas Magill
  • Investor
  • Charlotte, NC
33
Votes |
64
Posts

Build-to-rent (Finding infill lots)

Thomas Magill
  • Investor
  • Charlotte, NC
Posted

I do build-to-rent investing and I'm looking to become an expert in finding infill lots, or scattered lots. I'm currently doing mailers and FB posts. In addition, I've started the process for a text message campaign. I've been doing this for about 6 years and have slowly scaled my business, but am trying to take it to the next level. Please provide any info you have on finding lots.

Thank you!

  • Thomas Magill
  • Most Popular Reply

    User Stats

    64
    Posts
    33
    Votes
    Thomas Magill
    Pro Member
    • Investor
    • Charlotte, NC
    33
    Votes |
    64
    Posts
    Thomas Magill
    Pro Member
    • Investor
    • Charlotte, NC
    Replied
    Quote from @Don Konipol:
    Quote from @Thomas Magill:
    Quote from @Angie Castro:

    Hey Thomas, Why are you looking specifically for infill lots? Would you be open to other type of lots ready to build?  I get some in Gastonia and in Monroe. Shoot me a message to see if I can help you find what you are looking for. 


     I’m looking for infill lots because they typically have water and sewer. But, you are correct, they don’t have to be infill lots. But, I do need to have water and sewer tap connections 

    Whenever I look for a specific type of property, I like to take a direct approach
    Identify likely properties from available public information and records.  You can do automated searches in May locales for vacant land by square footage; a say 20,000 square foot parcel is more likely to be an infill situation than a 200,000 sq ft lot.  The the ownership records can be accessed; in Texas and Arizona contact information is readily available.  Most of the time a mailing address is provided, further Google search or private data bases may uncover phone or email. 
    All this can be done with hired help, either for a limited time or ongoing.  

    You could also join real estate groups, virtually or in person.  Many members of these groups have acquired odd parcels that they’d love to turn in cash.  Just let the groups know what you’re looking for, and the offers to sell will come in.  

    We’ve recently scaled our private lending business.  We upgraded our website at a cost of about $2,000; we initiated a SEO program cost of which is $300 or so monthly, and we initiated an email campaign cost of $275 monthly.  The results are that we doubled our annual loan volume from $15 million to $33 million.  
    Thank you Don! I’m going to focus on more of a rifle approach rather than the shotgun approach I’ve been using. I will be integrating your suggestions along the way. 
  • Thomas Magill
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