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Updated over 10 years ago on . Most recent reply
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What to do with land?
Aloha Everyone,
I own land and I am new to the real estate game. Can any of my fellow BP mentors lend some advice on how to start generated a income stream from raw land? I am eager to from you. Thanks
Jason
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- Realtor, General Contractor, and Developer
- Redding, CA & Bend OR
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@Jason Arnold Here's a blog post I did sometime ago that speaks to land development. Land Development
The fact that it had started the approval process in the past and looked promising is a good sign. However; you need to find out exactly what it will cost to get the approvals completed and finish the split.
Talk with a civil engineer, they will be able to help guide you in the process, and give you costs. Then, once you have the property split, you need to decide if you will sell the lots to a builder, or build out yourself.
- Karen Margrave