Investing in Land

[Nicole Graves]

Hi BP colleagues,

  I'm new to investing and wanted to get some feedback from investors who have invested in land before.  Does anyone have experience in purchasing land below the assessed value and selling to a local developer?  How did this transaction go for you?  Any pointers or things to look out for?  I'm thinking of purchasing land that the owner seems to want to get rid of at a really Low price.  I'm thinking of either holding for a while and building a home there to sell later or selling to a local contractor who does new construction in the area.  Any helpful feedback would be appreciated.

[Jay Hinrichs]

Developers usually have a pretty good handle on land that can be developed or is in high demand.

Contractors also... if your buying land dirt cheap means there is no market for it generally .. unless you found someone who fell of the turnip truck