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Updated over 5 years ago on . Most recent reply

User Stats

57
Posts
32
Votes
Nick Maugeri
  • Realtor
  • Modesto, CA.
32
Votes |
57
Posts

Land development with PLAT surveys don

Nick Maugeri
  • Realtor
  • Modesto, CA.
Posted

Found 38 acres in an emerging market that is priced well. The owner ran out of money but was first able to get two surveys done for multiple 1 acre properties. There are two homes on the wooded land, and it has a large pond on it. Located directly across from a newly built subdivision, this must be an opportunity in the making!

That's not the only one, either. A lead on a mobile home park that is small, but cashflowing 10k a year. There is a ton of value add opportunity with 5 vacant acres attached to be used. Thinking about building small studios or duplexes there, possibly expanding the mobile home park? The logistics and costs associated with these types of deals seem overwhelming! Any advice is much appreciated.

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