All Forum Posts by: John William Kuhfahl

It's zoned for residential, as I said in my initial post. All of the financial figures are accurate. I am in MN land dev groups in FB and have spoken with Anoka County at length. Soil Borings and environmental impact all done. Years ago. I don't think you should continue commenting, your attitude isn't conducive to a constructive or educational discussion. Take a break from the forums for a bit bc you're making my attempt to gain info very unpleasant whilst at the same time being confrontational, presumptuous, and incorrect.

Quote from @James Hamling:

@John William Kuhfahl You've given us next to no information, so nobody is going to be able to give you actionable answers other than theory, and certainly nothing answering to what you should do. 

First of all, do you have any experience in any of the use considerations you have? 

Next, where is it? If considering STR use, it needs to be in a geography that makes sense for that.

Given the details here I'd say no, you should take any development thoughts off the table because to do that is not something one simply learns over night, there is a lot to it. 

$209k is very cheap for 40 acres, so that offer could be a person interested for hunting land and nothing I'd get excited over, and I wouldn't assume it means anything other than you could sell it for $209k. 

So we would need to know details about the site, and details about you, to lend any direction. 

Can you not see the photos I attached? The STR use I'm considering would be ideal for this location if the trees/brush are removed. Each STR unit that I would erect here would cost in the ballpark of 3k each and I won't elaborate any more on that. Gas, water, elec are unnecessary. The main issue is that half of the acreage is blocked by a creek which I'd have to build a means to cross.

Hey everyone,

We just visited our vacant 40 acres about 40min north of Saint Paul and Minneapolis. It's zoned for residential. We have already been offered 209k for the land itself, and it's likely able to fetch a fair bit more. We are curious if we should build multiple campsites, which would include a lot of tree and brush clearing, and likely a bridge across the creek. I've attached some pictures I took of the property. Do you think we'd be better off selling the property and buying some land to build on elsewhere, or should we clear this? What would that entail cost wise? Any insights you could possibly give us would be much appreciated, we're pretty new to land development. Thank you.

Hey guys, this is my first post here and I'm still very much in the educational phase of my investing career (I guess one always is). I'm going to run some details by you and I'd like all of you who feel you are qualified to advise me so I can learn how to properly analyze these deals and be more cognizant of potential pitfalls/mistakes:

So, I found this property off market in a Chicago real estate investment group. Here are the property details:

SFH in University Park, IL 60484 - 4 bd / 2.5 ba / 2,315 sqft

Asking Price: $165,000

ARV: $240,000

Notes: Property needs cosmetic work all around. Roof, HVAC and foundation all have no issues.

My plan with a property like this would be to get positive equity asap and re-fi. I'm also partial to STR's at this point, so I'd like to make it an AirBNB. My questions are: How does an agent determine ARV? In your experience, is this a reliable indicator? What other factors should I pay close attention to in either the deal or when reviewing the physical property? How about if this is done remotely? I can post pics in here, but I'm also curious what factors would make this a better Section 8/LTR over an AirBNB. Please drop as much knowledge as you're willing and provide examples if you can. This really helps me to learn the ropes.