Cul De Sac in the making, investment question
Hey all,
So one of the more expensive towns in my area seem to be in the process of making a cul de sac. They have all of the lots divided up and being sold at $34k. I’ve never invested in real estate myself, but have been finding interest in it and am now constantly looking for opportunities. Is it possible/worth it that I could buy one of these bigger sections of land, wait until that little neighborhood is built, and then sell my plot for profit? I feel building a house on it myself might be too much for what I’m going for, but is there anything I can do to force appreciate the value of a plot of land?