Pre-Deal Question

[Katherine O.]

I am very new to residential vacant land investing. I have had calls from two land owners who own property in a subdivision that is not developed yet. The county has drawn the lines, but the roads have not been built. The lots are fairly small, 7500 sq-ft and 5000 sq-ft. This development has been like this since the 70's or 80's. The location is good; right by the ocean. I was wondering, if I were able to buy these properties, who would I sell them to?

Katherine

[Dustin B.]

Hi Katherine I agree with

@Seth Williams

If you cannot readily access the properties they are probably going to be more headache then they are worth. I would do a little more research as to who owns the other properties within the subdivision and see if there are any plans to develop the infrastructure that has already been approved. If there is not and you cannot access the properties they really aren't very usable and with smaller number of buyers for vaccant land (compared to SFR) it would probably be difficult to find a buyer quickly. But if you can get them for a few hundred bucks they might be good land banking properties if they are near the beach. Just my opinion.