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Updated almost 8 years ago on . Most recent reply

User Stats

110
Posts
22
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Tracy D. Garrett-Numa
  • Developer
  • Bowie, MD
22
Votes |
110
Posts

Any land development experience

Tracy D. Garrett-Numa
  • Developer
  • Bowie, MD
Posted

Hello 

Looking for anyone who has experience in purchasing land and developing the land for residential land. Would like to know about any success stories, pitfalls.

Most Popular Reply

User Stats

224
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126
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David Miller
  • Attorney
  • Durham, NC
126
Votes |
224
Posts
David Miller
  • Attorney
  • Durham, NC
Replied

In addition to the comments above, I believe that unimproved land plays (esp. properties with no or little entitlements) can be some of the most complex and high-risk investments you can make in real estate.  Along with that risk can be big rewards...or big pitfalls. There is almost no end to the number and types of things that can impact a land acquisition's feasibility and cost.  I would strongly encourage you to find someone in your locality with experience who can steer you through the process.  

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