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| Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
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Too lazy to set a custom title
Join Date: Mar 2002
Location: Australia
Posts: 17,393
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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. 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. |
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#2 |
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Old broad
Join Date: Oct 2002
Location: Away
Posts: 13,933
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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?
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#3 |
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Confirmed User
Join Date: Aug 2004
Posts: 2,009
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Australia totally rocks anyways
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#4 |
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RIP Dodger. BEST.CAT.EVER
Industry Role:
Join Date: Dec 2002
Location: NYC Area
Posts: 18,450
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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! |
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#5 | |
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Too lazy to set a custom title
Join Date: Mar 2002
Location: Australia
Posts: 17,393
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Quote:
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. |
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#6 |
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Registered User
Join Date: Feb 2004
Location: In Your Dreams
Posts: 9,649
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Good luck on your investment!
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