Archives for June 2021
Back to the basics…
Study to a point you have it memorized.
This lays out the basic steps that need to take place before you can ever pull permits and break ground on construction of a development.
Pay close attention to the comments I manually added in red, related to when you should close on the purchase of land if you’re paying “development values”.
If you only learn one thing from me, learn this!
Closing without approvals
Do NOT be STUPID!
In this video, I cover why you should NOT close on raw land with development potential without the development approvals in place.
There are a few reasons why someone might:
1. They aren't paying development values. I would do this too if I like the piece. We look at this as more of a “land bank” strategy.
2. They are uneducated and shouldn't be playing in the space because they are making bad/ “STUPID” decisions.
3. They are extremely motivated – like the clock running out on a 1031 exchange.
At the end of the day, we strongly suggest you never pay development values on raw land without the development approvals in place… it's not developable until approved!
Knowledge is power.
Is there land available for development?
Is there much land remaining for development?
The answer is absolutely, Yes!
Let me put it this way… If I was concerned about the lack of land that has development potential…
…I wouldn't teach others how to do what I do.
I know of so many great pieces of land that I would love to develop!
Do you know of land that you think would be perfect for development?
Rick vs Reward
Without IMPACT fulfillment isn’t possible
PIF – Purpose. Impact. Fulfillment.
Watch this video and tell me your story.
Do you have “PIF” in your life