For me personally, I consider it a B neighborhood because it's walking distance to so many amenities, and I felt mostly safe raising my family there, but not everyone is comfortable living in a developing area.Last year (2024), we moved out of the home and converted it into a rental.

I would assume that you'd just simply sell each individual lot to the developer at a set lot price such that your cost to purchase the raw land and improve it to buildable lots was worth the proposed profit per lot.  

I actually interned for a company in Iowa City that did real estate, property management, new home construction and development.

Should I go ahead and develop the land entirely and risk losing that money? 

I've been investing in some mixed use in very small towns for past 5-10 years. populations of 1000 - 1500, 8000, 16000 etc.

BP Community, I’m reaching out because my 13-year-old son has developed a huge interest in real estate, and I’m not sure how to guide him. 

Networking in various real estate associations to develop DEEP relationships is part of this program.2.

1. coaching- all of the "coaches" were newbies themselves with about 1 year of experience and about 1 deal under their belts and they always disappear after 2-3 months and get replaced with new "coaches".2. networking- they have a FB group, populated primarily by other newbies. go there to answer questions, and it's likely you'll get other newbies saying "good question". there are lots of newbies hoping to get into a deal, but who wants to put together a team where every single person is brand new with no experience?

@Nicholas L.What Nicholas said.I would also develop a list of buyers and what their buy boxes are.    

It is important to look for locations with strong economic growth, rising demand for housing, employment, vacation and infrastructure developments, as well as properties that offer the potential for value appreciation or steady cash flow.