Updated over 9 years ago on . Most recent reply
Getting a Road Built by local municipality
I have a lot in a small Texas town that I am looking at for new construction, essentially as a raw land flip over to duplex or SFH, which I will then house hack for a few years before renting out fully. The potential value of the lot should currently be at around double (comp'ed to others nearby). What makes it such a discount at this point in time is that even though the municipalities planning committee GIS system indicates that they have easements established for road frontage for this lot, currently there is no road frontage.
I would like to take advantage of picking up the lot while deeply discounted, but I know that no road frontage will impact potential plans to convert this over to a cash flow play (or to liquidate it later if needed) until completed by the municipality. Does anyone have any tips or tricks on how I can force or convince the muni to complete that portion of their road plan, or would I just be stuck in a waiting game until they move forward with it?