Buying land to subdivide and resell

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Hi Dallas BP Community,


Do any of you have any experience buying 10 or more acres of land and then subdividing and selling it to small developers?

I made several buy and hold investments in the past but want to do something different than passive investing.

I would love to hear if any of you made this kind of play work for you. Also, any resources on this kind of investing would be much appreciated.

Thanks!

YesI am currently in the process of doing this but building and then selling.  Have looked at 3 acre, 6 acre, and 20 acre parcels. 

Putting an offer in on 6 acre parcel tomorrow.

The Plan is to subdivide into 5 lots and build 2000-2500sqft spec homes. 

What market are you looking in?