Rental Property Investor · Dallas, TX · Member since 2019 · 16 posts · 1 vote
I came across some land for commercial and/or residential use and what are some questions I should ask the owner? Anything I need to check for before I go through with it?
@Jerard Graham land can be very tricky depending on a lot of factors like location, zoning, access, easements, utilities etc. Sounds like you really need to educate yourself before you start going after land deals or enlist the help of a broker who specializes in land.
Yeah - there's a fair amount that you need to check into. You really need to start with what your end goal is. If you are wanting to do commercial, but it's zoned industrial or residential, you could be cooked. Figure out what you're trying to accomplish and then locate the land. It's not a problem to rezone land, just make sure that you can actually do it. Not all land can be rezoned.
Hmm - usually nothing is zoned like that. You'll want to go directly to the city/county itself to verify. There are interactive maps online that will allow you to self-serve. The closest thing you might get to that is Commercial Neighborhood. Maybe some mixed use. Never ever, ever, ever, rely on someone's listing or a Realtor for important information. You can trust, but ALWAYS verify.