Hi everyone, I'm interested in land development in Philadelphia and have a few questions.

I know he has several clients who invest in land around the DFW area.

But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200‬/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).

As an agent in the SoCal/Inland Empire area I can tell you one of the issues we're facing is an inventory shortage.

Thats why in 08 to 2011 you had so many owners in Vegas PHX inland empire just do strategic foreclosure.

By location, 2/2 ocean 800’ ocean front class b+ for ~$6k, versus Inland class b+ 4 br, 3 ba 3000’ is $6k.  

Maybe you don't want to build the next great real estate empire, but continue purchasing more saavy investments every couple of years.

So while some rules only affect potential residents, they can have the effect that investors in land like us will have trouble finding buyers. 

What is the best way to structure deals like this and meet investors who invest in land? 

So many successful investors have built empires over the past 10 years on lucrative cash flow deals that just aren't there anymore.