Any Land Investors Out There?

[Robert C.]

Hi BP Community,

I’ve recently been learning lots about land Investing and I was wondering if there are many other land investors here in the BP community. Does anyone else invest in vacant land flipping? If so, is anyone close to Sacramento? I’d love to connect and perhaps meet up over lunch.

Thanks for everyone’s time.

Rob

[Jay Hinrichs]

Originally posted by @Michael Ealy:

One of my best deals are land deals.

One time I bought 8 parcels of land (I was hoping to buy more) for $500 to $2,000 a parcel at a land auction. I knew a road was about to be built and that's why I bought those parcels. Two and a half years later, I sold each of them for $80,000 to as high as $150,000 a piece.

Ka-ching!

Land can be very profitable if you know where to buy.

Mike,

One thing that keeps me up at night is the deals that were there to be had in Atlanta metro area circa 2011 ish.. finished subdivision selling for 1k per lot..  I bought 14 lots in one subdivision for 3k a lot these were half acres.. with really nice new homes .. Not as good as your deal but we sold them 18 months later for 30 to 40k apiece.. I tried to raise a fund for lots  but had no luck.. you know land does not cash flow. But if i could have raised a few million then we could have made 20X on that money easy.

I close next month on a 4 acre in CA i bought for 27k in the mid 90s .. came into the city and got up zoned.. that one is cooking off a t1.9 million cash to a developer. 

I spent most of my early years in the land business my dad was a land geek befor the land geek was born.. he roamed most of CA buying tax sales lots and then flipping them on contract which is what most that get into this do.. the lady talking about San Berdo and such those are just high desert lots there there are hundreds of thousands of them..  Lehigh acres in FLA  ( Ft. Meyers has hundreds of thousands of lots as well)..

In Oregon we did mainly timber plays so bigger dollars.. one of my star's was a 700 acre tree farm we paid 1.8 for i busted 10 lots off the front half that i sold for about 1.5.. we held the rest of the land logging it gently each year bringing in about 30 to 50k net in log revenue ( commercial thinning is what they call it).  we then sold it about 5 years ago to big lumber firm for 3 million .. that was a nice one as well.

they don't call them Timber Barron's for nothing LOL..   its a fun business it really is.