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Buying land together cheaper and splitting up?
I was wandering if there are anyone out threre that is looking for land and would conceder buying a larger tract and splitting it up.
I have seen some tracts that are 500 to 1,000 acres for less than a thosand an acre and the smaller tracts like 5 or 10 acres around it were going for
3 to $ 4.000 an acre.
I don't care where it is as long as it has plenty of trees and a creek.
You may be able to get a 25 acre tract for $25,000 to $30,000 where the next door neighbor paid over a hundred thousand for his or hers.
I have no doubt that 20 people working togwther could buy 25 acres each and build themselves a $200,000 log home for less than $50,000.
I tried to get this started on another site but there were too many coming up with stupid reasons why it couldn't work and they finally teed me off and I went off on them and that was the end of that. Everyone bailed out and we had several that was interested.
Please, if you have something bad to say, keep it to yourselve. Please.
I said I didn't care where it is but I think it should be in an area where we could have good gardens. I am not talking about Alaska or Canada. Nor do I care to move too far south.
In the middle to upper latitude of the US. Good homesteading land is what I am looking for and people that want to homestead.
There is many ways to build homes a lot cheaper than buying one.
If you are willing to learn and do the work, you can build one for less than a quarter on a dollar if done correctly.
I am not a developer by no means, but I helped an older man a few years ago lay out 110 acres into 7 tracts and clear the openings for the surveyors to come in and set the post where he wanted them and it cost him less than a 1/4th of what they wanted to start with.
Surveying and dealing with the realistate company is the largest cost in buying land and they don't do SH#$ but run a pencil.
Drawing out your own borders and cutting the fence line, so to speak, and setting temporary stakes until they do thier work can cut $$$$$ off the price of it if dramatically.
3 Answers
- QuestLv 61 decade agoFavorite Answer
No full moon, just going from summer temps to winter blasting rain in a few hours.
Finding enough people who can agree on a specific area; then finding a piece of land they will all agree upon. Each having the finances required and then agreeing to which piece of the piece is theirs. Where's the water, electric line tap, road access......
You have a good idea. It is how you are presenting it. Many developers have no money but they have the plan all laid out with all the above 'details' covered. Then they market it via investors (the few people you can find to go in with your plan) and then others will come. You have to set it up.
- Anonymous1 decade ago
It does sound like a worthwhile plan. Unfortunately, subdividing land nowadays is a complex process, which requires a lot of government permission.
Good luck on making it work. I think it's a great idea, but there will be obstacles to overcome and costs to make it happen. When you've succeeded, you have become a land developer, which, I understand, is a great profession, and very lucrative. Good luck to you.
- Clown KnowsLv 71 decade ago
Good luck. The only way you are going to work that deal is to purchase the land, put in roads, survey, subdivide and then individually sell each subdivision.
That is the way the world works.... sorry.
