Land & New Construction
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated 2 days ago on . Most recent reply

I own the land, now what? Seeking advice about an exit strategy
Hello! I just recently acquired 2 plots of land in St Cloud Florida in a gated townhome community from a tax deed auction. I own the 2 units at the end of an 8 unit block. 3 of the plots are still county owned and the remaining 3, 2 are owned by out of state companies and the 3rd by a single gentleman. My original plan was to build the 2 units then sell them. But the site is currently unbuildable especially without owning all the lots in the block. I am trying to figure out what my exit strategy is at this point. Any suggestions or insight would be greatly appreciated!
Most Popular Reply

Jay Hinrichs
#1 All Forums Contributor
Professional Services
- Lender
- Lake Oswego OR Summerlin, NV
- 63,976
- Votes |
- 43,308
- Posts
agreed the exit is either the greater fool theory or contact the adjacent owners and make a deal they are probably in the same boat you are in.. I have seen some in FLA ( I had one client in particular that I funded there) that actually did pretty good buying low value land and flipping it.. She made so much money that she left me to go on her own.. Also she was a lawyer or law student who had not taken the bar so she could do her own quiet title work big advantage to her.. Smart lady that one. I sure hated to see her go ..
- Jay Hinrichs
- Podcast Guest on Show #222

JLH Capital Partners