Have you ever done your own residential land subdivision? - GoFuckYourself.com

rowan · 12-27-2005, 05:36 PM

We're buying a new block of land and I've discovered that the former farm cost them a few mil to buy... they'll be subdividing it into approximately 2000 lots starting at (currently) about $140k each.

$140k x 2000 = $280 mil

Wow, infrastructure for 2000 blocks costs $275 mil? Yeah right.

Seems like a very nice price, unless you're the sucker paying for the subdivided land. The profit will be even higher since some of the premium blocks are pushing $180k, and the average price can only go up as they release more.

I think it would be way cool if I could buy up a few acres in a fringe area and do my own little estate.

Peaches · 12-27-2005, 05:39 PM

I have a good friend who invests in subdivisions. The last one he bought was completely sold out before they even broke ground for the first house. Is that what you're talking about or am I confused?

Rhesus · 12-27-2005, 05:40 PM

Australia totally rocks anyways

uno · 12-27-2005, 05:44 PM

This is one of the reasons i'm taking this semester off university to get my real estate license.

rowan · 12-27-2005, 05:46 PM

Quote:

Originally Posted by Peaches

I have a good friend who invests in subdivisions. The last one he bought was completely sold out before they even broke ground for the first house. Is that what you're talking about or am I confused?

Kinda... I'm talking about companies that buy up large blocks of land and subdivide them into smaller residential blocks. You can invest in those privately, but I'm more interested in doing the whole thing myself on a small scale.

I live on the fringes of the metro area, some people around here are becoming millionaires overnight by selling off their family's land. If I had a bit more cash available I'd buy up land further out and just wait for it to magically appreciate as the metro border grew.

Fizzgig · 12-27-2005, 05:46 PM

Good luck on your investment!

12-27-2005, 05:36 PM	#1
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	Have you ever done your own residential land subdivision? We're buying a new block of land and I've discovered that the former farm cost them a few mil to buy... they'll be subdividing it into approximately 2000 lots starting at (currently) about $140k each. $140k x 2000 = $280 mil Wow, infrastructure for 2000 blocks costs $275 mil? Yeah right. Seems like a very nice price, unless you're the sucker paying for the subdivided land. The profit will be even higher since some of the premium blocks are pushing $180k, and the average price can only go up as they release more. I think it would be way cool if I could buy up a few acres in a fringe area and do my own little estate.

12-27-2005, 05:44 PM	#4
uno RIP Dodger. BEST.CAT.EVER Industry Role: Join Date: Dec 2002 Location: NYC Area Posts: 18,450	This is one of the reasons i'm taking this semester off university to get my real estate license. __________________ -uno icq: 111-914 CrazyBabe.com - porn art MojoHost - For all your hosting needs, present and future. Tell them I sent ya!

12-27-2005, 05:46 PM	#6
Fizzgig Registered User Join Date: Feb 2004 Location: In Your Dreams Posts: 9,649	Good luck on your investment! __________________ ---'-,-{@ Sassy Grrrl @}-'-,---

12-27-2005, 05:39 PM	#2
Peaches Old broad Join Date: Oct 2002 Location: Away Posts: 13,933	I have a good friend who invests in subdivisions. The last one he bought was completely sold out before they even broke ground for the first house. Is that what you're talking about or am I confused?

12-27-2005, 05:40 PM	#3
Rhesus Confirmed User Join Date: Aug 2004 Posts: 2,009	Australia totally rocks anyways