Raw land development is the process of purchasing a parcel of land with the intent of either developing and building on it or holding onto it for long-term appreciation.
Raw land can be purchased for residential, commercial, or industrial development.
Raw land development involves transforming undeveloped land into a usable area for construction, typically by adding infrastructure like roads, utilities, and sometimes buildings. This process includes surveying, planning, permitting, and constructing essential elements to prepare the land for its intended purpose.
Land Development has the potential to truly SKYROCKET your earnings. It can take your portfolio from “meh” to “WAHOO!!!”
But before you get started, it’s important to understand the risks and understand if it’s right for you.
Land Development can be really, really risky! It’s expensive, there’s all sorts of zoning considerations, it takes a LONG time… the list goes on.
This is a real shame, because Land Development is where FORTUNES are made. Add in the tax benefits and the pride that comes from ownership, and it makes Land Development something many people can’t resist. Unfortunately, it’s a temptation some wish they’d avoided when it comes back to burn them!
That’s why I recorded a short video for you with some quick tips about Land Development, to help you avoid the pitfalls and still reap the rewards!
In this video, I will discuss:
You can watch it here now.