Is “Flipping” Vacant Land profitable?

[Ryan Tessier]

I’m interested in buying vacant lots of land that are wooded or unlevel and clearing them and making them ready to develop and selling them. Is this a viable business strategy? I feel like the cost of entry for this would be low but I’m also not sure that a developer would pay more for the land since they usually have the means to clear it themselves and what needs to be cleared is usually determined by the specs of the house that is going to be built which I won’t have.

Is anyone doing this and what should I look out for?

[Greg Dickerson]

Originally posted by @Ryan Tessier:

I’m interested in buying vacant lots of land that are wooded or unlevel and clearing them and making them ready to develop and selling them. Is this a viable business strategy? I feel like the cost of entry for this would be low but I’m also not sure that a developer would pay more for the land since they usually have the means to clear it themselves and what needs to be cleared is usually determined by the specs of the house that is going to be built which I won’t have.

Is anyone doing this and what should I look out for?

Yes this is a very profitable strategy but requires deep pockets and a thorough understanding of everything it takes to develop a property and whether or not there is going to be demand for the lots that you want to sell and at what price.