Buying vacant land with Self Directed IRA

[Juan Monge]

Hi BP community, I am hoping to get some insight and past experiences from other investors who have used their SDIRAs to purchase raw land in developing areas. My thought is to purchase small residential lots cash in an area which is going through substantial gentrification, hold for a period of time (likely years vs. months) and eventually sell to a builder. I know I will need to pay for periodic clearing and property taxes with the SDIRA, but what else should I take into consideration for reserves. Also, on the sell side, any chance I am exposing myself to UBIT? Any other pros and cons are greatly appreciated. Thanks, Juan Monge