Attorney · Dallas, TX · Member since 2016 · 5k+ posts · 2k+ votes
This year has been interesting for my investments. We closed on a 4 acre yard for truck parking (no structures), started lease up and received an unsolicited offer for 50% gain. We're now under contract even though the tax will be crazy.
Also accepted LOI to sell a different 4 acre parcel for over $1m/acre. This has been a longer hold with serious value gain in Plano, TX. Suffice to say, looks like I may be a net seller in 2023 which has never happened yet.
Anyone else switching from net buyer to net seller?
Investor · Stuart, FL · Member since 2016 · 20 posts · 12 votes
3y
I am really interested in the truck parking. I have a one acre parcel I am about to clear for the same purpose. Did you do any improvements on the land such as grading, adding solid surface such as paving or rock, fence in the yard, etc? How did you market the space?
I am really interested in the truck parking. I have a one acre parcel I am about to clear for the same purpose. Did you do any improvements on the land such as grading, adding solid surface such as paving or rock, fence in the yard, etc? How did you market the space?
Its a great niche for sure. 1 acre is pretty small even for NYC or LA standards. Yes, recommend 18-24" of flex base, grade for drainage. We use facebook and google my business. signage is also critical.