Buying 150+ acres of land! What factors should I consider?

[Jason Meadows]

I'm currently looking at a large plot of land in Canada of about 150 acres within 30ish minutes of a city. Market price is 600-800k range for a property like this. Since it's relatively affordable I'm considering buying this for investment building a couple houses at a time and selling the houses to pay for more houses and recover my initial investment.

Lot is heavily wooded and has its own lake. Utility access from road at property edge.

Is this a reasonable strategy? Are there major pitfalls I should watch out for?

[Jay Hinrichs]

Originally posted by @Bill B.:

Pry talk to @Jay Hinrichs. I’d say buy him a beer but you probably couldn’t be farther apart. 

although I bought a home in Kelowna BC and did some lending there and basic exploration for developement that was back in 2001.

and at least Kelowna was just as regulated as any city in the US..  Have no clue as to what the rules would be in a more rural setting.

something like 70% or more of the big acreage in BC is owned by the crown so there was not a lot of land deals to look at .. Although they exist.  

Sounds like a fun property though I would love to have a ranch with my own private lake stocked with nice Kamloops Rainbows :) and an air strip of course..