Questions on investing in land

[Ben Kirchner]

Curious to get input on any who have invested in land. Currently, I’ve focused all my funds towards buying rental property. 

I’ve recently been connected to an individual who invests in land. The numbers he projects on a return are quite promising. Estimated return would be 46% on a 12 month commitment. Too good to be true? Possible on the right area? 

The area is doing a lot of development, in what looks to be a very desirable area. If anyone has experience in investing in land or could provide good resources where that could help with  my due diligence, is greatly appreciate it.