eric99
Member
Cash: $ 2.00
Posts: 20
Joined: 04 Apr 2007
Location: boston mass
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| Raw land. |
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Raw land.
Can you still make money by conditioning raw land with plumbing and pavement? In charlotte an acre usually cost around 60 grand. If permitted subdivide into 4 parts and condition the land, would end up raising the value to maybe 100-120 grand. I know this would be hard to say because construction in Charlotte is in the top 10 amongst the highest costs. Could there still be a way to profit after the land is prepared for housing? Also if the property has trees and brush who would i get to clear this mess away for a nominal fee?
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Mon Apr 09, 2007 8:21 am |
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Case-Face
Full Member
Cash: $ 0.35
Posts: 75
Joined: 21 May 2007
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I think you could still profit-- it's tough to fully tell b/c of the housing market and its slump. But if you're living in Charlotte, consider yourself lucky, b/c I'm from Cali.
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Wed Jul 18, 2007 9:04 pm |
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marco59
Full Member
Cash: $ 18.45
Posts: 92
Joined: 11 May 2006
Location: Down East Maine
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When it comes to real estate, I am a novice. However, I just had to make a comment after reading this. I live in the West Texas desert and paid $6500 for 10 acres of raw desert. The tax appraisal district said it's worth $2700 total. However, we selected this ten acres out of a 270 acre tract. The land we picked had power lines on it. The rest of the section did not. We then spent $13000 on a well.
All in all, we spent about $150,000 on something that appraises for slightly over $80,000. Bad investment? You bet!. However, I don't care. I have ten acres of land. My nearest neighbor is 4.5 miles away. I plan on retiring here and the alternative was to live in the town which is mostly cinder block or adobe homes or mobile homes. Any new construction in this area is not going to appraise for what you invest. So, I got what I wanted because I'm not leaving here. Now, when I retire...that's a different story. We'll be moving to cooler climes. It's supposed to be cooler today....in the upper 90s!
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Thu Jul 19, 2007 2:14 pm |
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austin
Contributing Member
Cash: $ 7.20
Posts: 36
Joined: 29 Jun 2007
Location: Austin
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First off it depends on where the land is. If you have land close to the central of your town you can make money putting in plumbing and roads. But basically your market is potential developers and not individuals so its a smaller market and if developers are not interested because things are slow it would be pretty hard to sale. Because market volatility probably would effect your investment more.
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Sun Aug 26, 2007 6:59 am |
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