I am wondering if anyone has targeting tear downs specifically. Ex. buy an off-market property in a upcoming area and resell to an Intown Builder for the valuable lot. The area would have to be hot and I think you could become branded in the niche of supplying buildable lots to Builders who don't have time to search for land.
If anyone has done this what criteria would one search for on Listsource to find these teardowns? Thanks in advance.
We've purchased several tear-downs where we could build new construction on the lots. Finding these types of deals is tough, especially in places like Atlanta (since you're near there) where there's a lot of competition for infill lots. In other areas, the numbers don't support tear-downs.
But, if you are good at finding these deals where the numbers work, it's a good business these days in a lot of areas.
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Thanks for the responses! I did some driving for dollars today and will start a letter campaign and keep you posted.
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