but imagine some person that rolls out of bed and says to himself "I think I wanna start developing raw land today"

Greenhorizons, it looks like the experts have sum up your questionto piggyback on what they have said.. wholesaling is quicker and easier money, less effort.. its a good way to start out.. once you build a little cash doing that.. then yes rehabbing will bring more profit per house..but it will take longer to see the fruits of that labor.

I hope your experience is fruitful.

I saw some raw land that I thought would be a goldmine for a residential developer who was interested in building in Columbus.

Where Plums, Apples and Pear Are The Fruits You Find.

The solution: Seller-financing closes the deal Seller-carryback financing has continued to be used for all types of real estate, including mobile homes on lots or land; small or large apartment buildings, office buildings, commercial, industrial, motels, warehouse properties; special purpose properties such as theaters, hospitals, senior care facilities; and raw land, farms, or ranches.

The point of going in with eyes open is to have some idea of whether or not it will be a fruitful venture for me - one that I will both make money at, and enjoy doing.

This will give u a rough idea if the raw land will be worth anything (long term)These are the basics, and each little basic item will make you think about new questions you want answered.

In the absense of knowing whether you are buying a lot that has already been subdivided or if it is undeveloped raw land, acreage, etc., it difficult to give you precise response.

I've read that the payout ratio on title insurance is ludicrously low - would it be cheaper to simply self-insure and do the raw research myself (go to the county courthouse and verify good title)?