Consultant · Ball Ground, GA · Member since 2015 · 228 posts · 100 votes
I am looking into vacant lot in a subdivision with an HOA. Its a gated community in GA with mountain views. I would appreciate any info on: do the properties tend to not sell quickly, do you stay away from these properties or if its a deal then go for it.
Is the area experiencing a lot of new home construction? Can you get the property at a deep discount? Does the property have infrastructure access (i.e. water, gas, sewer, roads, etc.)? The BP Podcast show 39 talks a little about how to be profitable buying and selling raw land
I would also look into the history of the property; why has it not been developed? What are the costs to develop the land? How much can you sell the property for once it is developed?