Glen Campbell
EZine Article Of The Day
Buying Land For Development "The Right Way the First Time"
If I had a prayer said for me every time I got an email about problems of buying land first, I would have a guaranteed place in heaven. Please don't do that anytime, but particularly if you are new to development. You will hurt yourself financially and it is a deep hold to get out of, OK? Let me give you some land buying advice now and if I happen to repeat myself in some of my commentary, just use it as a reinforcing tool. Land is only worth what you can do with it. Now I am not discounting it beauty or its views in making my comment, but remember we are in the development business and buying land is a fundamental cost factor ... we just can't afford to get it wrong. If when buying land and anticipated subdividing it into 'X' lots or building 'X' number of units on it, only to find out later that you were not allowed to do that, I don't think the beauty or views would offer you much solace or gain you much sympathy from the lender.
If I had a prayer said for me every time I got an email about problems of buying land first, I would have a guaranteed place in heaven. Please don't do that anytime, but particularly if you are new to development. You will hurt yourself financially and it is a deep hold to get out of, OK? Let me give you some land buying advice now and if I happen to repeat myself in some of my commentary, just use it as a reinforcing tool. Land is only worth what you can do with it. Now I am not discounting it beauty or its views in making my comment, but remember we are in the development business and buying land is a fundamental cost factor ... we just can't afford to get it wrong. If when buying land and anticipated subdividing it into 'X' lots or building 'X' number of units on it, only to find out later that you were not allowed to do that, I don't think the beauty or views would offer you much solace or gain you much sympathy from the lender.
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