25 July 2024 | 5 replies
Hi all,I recently posted about this topic and unfortunately did not receive any responses.I have recently established my land acquisition business with the goal to purchase parcels of land, either within data center opportunity zones or areas with the potential to allow for data center development, rezone the property with submitted plans, then sell to developers ‘shovel-ready’ within the various jurisdictions of the Commonwealth of Virginia.I understand there are multiple mechanisms that come into play including obtaining financing (partnering with an experienced investor), utilizing land-use attorneys, land surveying and engineering firms, appraisers, as well as approval from local planning commissions, board of supervisors, etc.Would there be any investors who are currently active in this niche?
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26 July 2024 | 10 replies
@Michael Smythe I 100% agree that some tenants play the memory loss game and like to be difficult.
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25 July 2024 | 21 replies
The obvious play would be for the low purchase price/cash flow.
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25 July 2024 | 3 replies
There are other factors at play, but this was just the first thought.
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25 July 2024 | 4 replies
It's sell, take the 100k profit, your at 360k in the bank, VTSAX or money market and chill for a bit, see how this market/economy thing plays out, rates have to come down no one can afford at these rates, then maybe look to refi and get the rate under 5%.Also something to think about.....
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23 July 2024 | 5 replies
@Tim JohnsonThere are essentially two ways (and a few variations) to purchase this deal, depending on how the owners are selling it:As a going concern: In this instance you are buying the business, so it is the business you evaluate: assets, liabilities, revenues (historical: 3 - 5 years), operating costs (historical: 3-5 years), future financial projections, goodwill, etc.
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24 July 2024 | 31 replies
a) everyone can use a pool, b) not everyone can or will use a pickleball court c) almost everyone who is a bit older who started playing pickleball ended up injuring themselves, d) a pool is a lot prettier and adds a lot of ambiance to a backyard.
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25 July 2024 | 17 replies
All you'd need at that point would be RE attorneys for the contract and formalities.To find recommendations on seller financing deal structure, I'd start right here on BiggerPockets by using the SEARCH feature and playing around with different keywords i.e. owner financing, seller finance deal structure, seller finance terms, owner finance terms, etc.All the best!
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24 July 2024 | 4 replies
That's probably not a pure parking play though.
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24 July 2024 | 6 replies
You may have a grasp on this aspect, but there are items to consider that can play a big factor when choosing your land such as topography, existing zoning & platted lot status, minimum/maximum requirements such as parking, detention, size of building, setbacks.