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Originally Posted by Greg B
Fuck it Webby, I'm working for you!
We have a huge investor's meeting every autumn. Guys aren't interested in real estate but I think they'll change for this year. That or medical technology applications.
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I takes some work Greg, but no place like 24 hours a day on the net.
Another simple example... this is a very clean-cut example of blatant development - nothing actually too clever about it since it involves simply "plotting and cutting" of land.
This is not a project I was involved in, but that of a friend. They bought a load of dried out fields totalling around 1400 ish hectares than plotted that out into 1000 units with plenty space between. Land cost just over $9 mill.
Then proceeded to sell these plots at a "good deal" price of $45K each and going up to.. around $80K.
They sold the lot in eleven months and basically pulled in around $48 million (less, call it $10 mill for land and promo costs etc).
He has now bought another few fields around that plot - and now selling them off to developers who have an interest in constructing hotels, malls and a casino. He is not doing the development work - leaving that to others to trouble over - he's just coining more money into the bin by selling to the developers at a profit.
This is more kinda... "hardcore development" - just money-getting.