Welcome to LDR
If you want to dig into the realities of land development, you’ve come to the right place.
If you want to dig into the realities of land development, you’ve come to the right place.
This is the place to find real estate education information.
Modern Homesteading - Most of us are not migrating westward in a covered wagon to farm 160 acres of free public land on a homestead. What we are really trying to do is to find a way to cut property taxes and cap future increases of them. Contemporary homesteading can be a great way to do that as long as you and your property qualify.
Managing real estate investors is a tough job when project objectives, cost, and time-to-completion are not handled the right way. Even when they are handled correctly, it can still be tough because managing your investors has a lot to do with managing their expectations, along with their invested assets.
One profession I have a deep respect for is civil engineering. Whether you are an old salt in land development or a Newbie on your first project, it’s critically important to select the correct engineering firm. One challenge in doing this is the technical knowledge gap between a licensed engineer and we, as land developers.
The definition of affordable is relative to each person’s economic condition. As I’ve said before, when it comes to real estate we buy and sell at the economic level we are at. A $40,000 purchase deal on a vacant lot is peanuts to one person and a life decision to another. In the end, each real estate deal is typically a high-tension event no matter the price tag.
Good land development project managers in either the corporate or private sectors are tough to find. If a person can find a way to learn the ropes and succeed you can become a valued commodity, not only in the business, but to yourself and your career.
Entrepreneurs in business are those that undertake a high amount of risk for a greater potential reward. If we used that as the only criteria, it would be fairly easy to conclude that entrepreneurs would be ideal land development speculators. Not necessarily so…
It’s obvious that the addition of improvements to any type of real property can enhance its value, as long as they are right for the property and correctly done.
I don’t know of any single recipe for becoming a successful land developer, but I have sure seen ways that can help someone get off to a faster and better start in the business.
