Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: James Campbell

James Campbell has started 2 posts and replied 6 times.

Post: Unsold lots in housing developments?

James CampbellPosted
  • Modesto, CA
  • Posts 6
  • Votes 0

Hi Davon. Thanks for the offer. I'm in Northern California though, and at this point it's really just a curiosity. Clearly that land is valuable. It just seems strange that it's not actively being marketed if it is for sale.

Thanks for the info Jay. I think I'll do some digging and see what I can find.

Post: Unsold lots in housing developments?

James CampbellPosted
  • Modesto, CA
  • Posts 6
  • Votes 0

Hi guys,

So I was driving around tonight, and it crossed my mind that there are quite a few unsold lots in a housing development near where I live. I'm sure you've all seen them in your own areas where track home developments go in and there are all these really great looking homes, but then an odd vacant lot here and there... What happens to these lots? Does anyone know? If they went unsold, do the developers still own the land? Is there a way to find out who owns the land now? I would think that it would be great to pick up a plot or two, but some of these pieces of land just sit there for decades.

Hi Tim. I also live in a condo so I pulled my contract... This is what mine says:

So in my case, my contract is pretty straight forward. If I moved into my house right away, and I don't have written consent from my lender (and assuming I'm not in trouble of making my payment on time) then I need to occupy my condo for at least a year before I can rent it out.

I don't really have an experienced opinion, since my year's already past... Maybe get ahold of your lender and see what they say.

Hi Sean Moen, Thanks for the welcome. =) I will definitely check out those podcast videos. I've seen a few people mention them on here (Khang Vu) and have been meaning to give them a play through.

Thank Michael Galloway and Brandon Turner for the warm welcome =) I went ahead and setup some of those keyword alerts, so thanks for the tip. That's a nice little feature

Hi Guys,

I'm James Campbell, I'm 26, and I live in Modesto, California... To save you guys a trip over to Google maps, that's in the central valley in northern California, about an hour south of Sacramento. I got my real estate license back in '07, before I knew anything about real estate, but I quickly found out that 1. I'm not a very good real estate agent, and 2. December of '07 turned out to be a very bad time for new real estate agents. =P

I let my real estate license expire in 2010 and I currently work as a designer, but I'm still very interested in owning real estate as an investment, and I plan on building a successful portfolio. I currently don't own any real estate investments, but I own the property that I live in and I've been saving for my first investment, which I hope to make within the next year.

Basically I'm here to network, learn, and maybe share my 2 cents for what it's worth. I'm open to meeting up with anyone in the area who wants to network...

If anyone has questions, feel free to ask, if not, it's nice to meet you all. =)