Updated over 10 years ago on . Most recent reply
Need help with the basics...
I live in an area of North Texas that is quickly expanding. There are many pieces of commercial land for sale around this area. It seems like the ideal situation would be to buy land and secure a "land lease" with a tenant, however I'm not sure how I would go about that process. How long would the land sit without a developer building on it? How do I make sure that I don't get myself stuck with an expensive piece of land that nobody is developing? I have about $100k to put down, I just don't want to get stuck with a high monthly payment on a loan if nobody leases. Any insight would be greatly appreciated!