All Forum Posts by: Kyle Gibson

Developers are tending to hold on to portions of their properties much longer then they used to. Developers that I work with that take down 640 acres (or a square mile) tend to hold all corners of the property for years longer then the guts of the property. Generally having the guts developed adds great value to the corners of the property.

As an overall trend I see developers holding onto properties longer just for the heck of it. Mostly due to the current conditions and mostly because everyone wants to hold out for that ONE great opportunity that sometimes comes and sometimes doesn't. A major disaster happens when they hold it too long and overall development passes it by.

Hey Dick, I saw a need. In the past I worked with so many land owners trying to market their properties, but not really understanding how a buyers mind thinks.
I had a guy I was working with rezoning his property from multi-family to commercial. Once he had it zoned he stuck it on the market. It was an odd shaped property and I knew that buyers wouldn't see the potential the site actually had. It sat for quite a while, so I asked him if I could create a colored up site plan for the property to show buyers how it could be developed. He agreed and I was able to fit a Walgreens type footprint along with some strip retail and restaurant pads. The listing agent put that on loopnet instead of the regular aerial image with a property boundary that was previously on there. It had immediate success. And thats where my concept was born. I have found more and more people wanting a service like this that is affordable so they can make their property stand out more and put ideas into potential buyers minds of what it could be. The best part about this is that I have made the service potentially free to everyone who uses it by passing the cost on to the buyers. So, i have a lot of return business due to the fact that they are paying nothing for my service and getting greatly increased interest in their properties.
I figure that's a win win! PM me if you want more information!

I would start with a duplex, that way if you have a tenant move out you still have another one covering most of the mortgage until you find another renter.

Clark, the Texas economy is booming... it has weathered the best through these hard times... I work with investors that are scooping up several large properties in the growth boundaries of Dallas and Austin... they are picking up prime future commercial and multifamily land for less than 4K an acre in some cases. If I were you I would definitely look in those areas. I have found several 5 - 10 acre future commercial corners that I have been purchasing over the last 2 years. And I live in AZ...

Marc, Don't forget about cities that have tree ordinances. You could be fined big dollars if you remove a greater percentage of trees than they allow per property. I have dealt with this numerous times with properties in Texas.

-Kyle

Tim, Have you thought about doing a concept on the property to show people what could be built on it? A lot of the time people buying land lack the ability to "envision" what the property could be. Adding design to a property increases the buyers ability to see what could actually be constructed on this property. Feel free to e-mail me and we can discuss more.

-Kyle

But, there really was no other options. That's where I saw a need to fill that gap. Owners and Brokers come to k+j Gibson Design to get a marketing strategy for their properties. We take their raw land and turn it into a fully designed and rendered site plan that they can use to pull in buyers. It is a very affordable solution to a marketing area that is currently lacking any real visual pull on the market.

I welcome any questions you might have about myself or my company and what we do.

-Kyle

Hello, My name is Kyle Gibson. I am the Principal of K & J Gibson Design.