All Forum Posts by: Mark Mathews

Perhaps you can clarify your question. It's really vague and disjointed.

@Andrew Bolton Yes, check the zoning guidelines for what you can build. Usually at the county level as far as I know.

When you subdivide, each new property is separate. They can have separate mortgages/loans and each has separate tax bill and can be sold separately from the other lots. Each property will need its own separate utility connections, could be very costly to set up. In one area here in Sunny Southern California, it costs $20K to install a water meter, never mind the pool permit. B-)

One thing to be careful of is creating a land locked lot. That is, a lot that does not have access to the street. That property would need an easement recorded at the county so the residents can travel across the property blocking their access to the street.

Are you sure he understood what you were asking? Typically, a mobile home needs a license, just like a car. That would be licensed through the state. A modular home should be permitted through the county planning office, not the city.

@Peter G. That's a really big goal. Someone recently asked me what would be my Fantasy Goal. I chose $1M income in the next 2 years. After thinking about it for a while, I realized that there are people who do this in less than one year. So, I don't think it's something that can't be done anymore, but I do realize that I'll need help and guidance in making it happen.

The size of the project you are proposing goes way beyond a do-it-yourself program. You'll need to develop a team of professionals, even hiring some of them full time in your own corporate enterprise.

Can you do it? There's only one way to find out.

I see. I'm sure they do a feasibility study first. They want to be sure that if they build it, people really will buy if. I wouldn't be surprised if some of the large builders buy large tracts of land 10 years or more before they build on them. The rest is permitting, planning and contracting.

Adding to my last post: BP has a lot of good sources for education about REI. One good place to start is click on the Education tab, and then watch the "Free Course." It's invaluable for helping you decide which Niche and Technique you'll use in your investing.

@Sean Bell It seems you've got the steps out of sequence. Before you get the land under contract, you should already know what will be your next step. This is true for any investment in real estate.

What is the website? Can't tell you anything about it if I don't know what it is.

Did you pay for the land in Florida, or acquire through another means? Just curious.

My advice would be to find out the answers to these questions before investing. For these specifics I'd first do an Internet search. 

The county usually controls zoning. It may take a few hours to find the information you need and determine how it applies to your project. Be sure to find out specifically information about modular homes.

Specific modular home builders have information about the cost and design of their homes, on their websites. They're also familiar with different contractors who can give you estimates on delivery of the building, site preparation, installing the building, hooking up utilities, etc. Be sure to find out from the county any charges or fees for hooking up utilities, including if you have sewer service or septic.

Before investing any more money, be sure to know ALL your costs (don't underestimate here) and a conservative estimate on any revenue (don't overestimate here) you can get from the completed project.

A little more profit would be nice too. :)