Who invests in lots besides me?
I specifically buy lots. I use a strategy and only buy lots that have high potential to be build able or are next door to a resident home owner.
The resident home owner is the key. I buy the property typically from surplus and then turn around and sell it to the owner for double what I paid via quit claim deed. Most can not afford to take a day off work and go to the auction and pay cash. this way they can buy it from me over 6-12 months and I doubled my money. They get a side yard and I get more cash.
I also b8uy lots that are suitable to build on. I have not sold any of these as I am waiting for the market to support new builds.
Hey @Aleks Gifford , we do not buy lots but I just wanted to say hello to a fellow Indy investor and wish you the best. God bless!
Hey Brett. You and I have met in the past. I used to be active in the the REi Clubs.
My partner has a land only business.