All Forum Posts by: Ryan Lee

I haven't on here in a minute, I have been working on my tax lien list. But i decided to share this info with everyone. I found this funny that 2 very important teams in Maryland are unable to pay their tax's and they are worth Billions. Here's the article on this http://www.baltimoresun.com/news/maryland/baltimore-city/bs-md-ci-stadiums-tax-sale-20170515-story.html

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No problem, then you give them the option that you will pay the 3 months for them moving into that place.

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Originally posted by @Ray Slack:

go to pgatlas dot com and you can find the zoning on the property. It's probably r-80 or RR unless it's in a most Rural area then it could be RE , RA or OS.

Yes.. You can invest a considerable amount of money preparing reports, plans and studies and they still can say no. Especially if you have even 1 property owner in the area that objects to it. They make you send out letters to all the property owners surrounding the property. I think it's within 1/2 mile. You also have to post a sign and have several public hearings. If one person shows up and objects expect a nightmare with the city and county. (Actually Bowie is easy it's PG county that is the nightmare) If 1 neighbor objects and brings up that they think your subdivision could increase traffic exception the board to make you pay $5,000 to $10,000 for a traffic study. We had neighbor that just wanted to cause trouble say she once found an old indian relics on the property and the county made us hire a company to determine that it wasn't an Indian burial ground. Crazy. Basically you own 1 lot. It's a privilege not a right to be allowed to subdivide it.

Oh wow, interesting story. The person selling the property lives on the other side of the property and the other side is surrounded by a subdivision.

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try reaching out to investors that have an apartment that's ADA friendly.

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Originally posted by @Account Closed:

Thanks for the tag @Russell Brazil... construction expert, I'm good with that... development expert - not so much...

Anyway, @Ryan Lee - feel free to hit me up if you'd like to talk... I'm happy to assist as I am able.

I am going to get the zoning info first and then I will reach out to you with some questions. Thanks for your response.

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Originally posted by @Ray Slack:

I'm very familiar with land development in PG county.. it's a nightmare. It takes a lot of money and time with no guarantee that you will get anything approved. Finished lots sell to builders for 1/4 of the price that you could sell a new house in the neighborhood. If the zoning is RA you get 1 house per 2 acres RE 1 house per acre RR 1 house per 1/2 acre. You would be looking at about $25k-$30k in engineering costs to get subdivision submitted for approval. with no guarantee it would be approved. Then to finish the lots (installing roads, curbs, gutters, storm water drains) and bringing water and sewer to the lots can run $30-$40k per lot. There are also fire/police and school impact fees that would need to be paid to the county.

Wow, thats a lot of good info to start with. I will start with the zoning then probably come back to you with some more questions. How can they charge that much for an approval and not guarantee it? If they dont approve it, do they come back with a request that I would need to make X,Y,Z changes or is it an all out denied and that's it?

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Very strange that they holding the approval letter hostage. Its best to get the owners out, they have too much emotional attachment to the house. If you can afford to give them 3 months rent for an apartment down the street, that may be a better option. So that you can get them out.

It pays to pay sometimes, less headache.

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Does anyone have some tips for developing land in Bowie Maryland? I came across this opportunity and wanted to find out some good and bad when developing land.

Price 280k

Acres 4

There's a few development between the location. House prices in the area 400k - 490k

How do you evaluate the price of the land?

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All Forum Posts by: Ryan Lee

Ryan Lee has started 25 posts and replied 138 times.

Post: How many Tax Liens have you successfully won?

Post: How many Tax Liens have you successfully won?

Post: Ravens, Orioles stadium liens bought at auction amid water bills

Post: Wells Fargo short sale negotiation - help!

Post: Buying and Developing Land in Bowie Maryland

Post: Wells Fargo short sale negotiation - help!

Post: Buying and Developing Land in Bowie Maryland

Post: Buying and Developing Land in Bowie Maryland

Post: Wells Fargo short sale negotiation - help!

Post: Buying and Developing Land in Bowie Maryland