Time is money, and learning to efficiently utilize your time is critical in the real estate industry. Looking for land online can save you time and tailor your search to your specific development needs.
At minimum, I spend 30 minutes day scouring the internet for potential land deals, even if I’m not in the market to buy. This gives me an upper hand in many ways. I stay up to date on the current market prices, trends, and conditions so when I am interested in buying or selling, I’m already caught up. Searching online also allows me to filter the criteria to meet the requirements I’m looking for. I can narrow down searches to specific towns, cities, and counties. The last, and perhaps the most beneficial feature of searching online, is that many land parcels have broker packets available. Broker packets provide a load of essential information about the land parcel like surveys, zoning information, size, etc. That information can be used to understand the land parcel and surrounding areas.
Of course, there are some downfalls of searching online. Listed properties or land parcel are sometimes ones that didn’t sell through the broker directly. Brokers can also list land with the intention of selling it to existing investors rather than new investors. In my opinion, the most unique finds will be through a broker or drive by.
So how do you find land online? The answer is surprisingly simple. There are many websites where you can online shop for land. Heres a list of a few that I use:
- LoopNet - The most popular one
- PropStream - Good for off market deals
- Costar - Used by many professional brokers, Paid subscription based
- Crexi - Less popular but worth using
- Facebook - My personal favorite
-
For an in-depth look at my land search process and the secrets to success in flex development, head over to Flex Space Untapped, where my team of experts is ready to help you every step of the way in your real estate journey.
Financial analysis for Flex Space development
Every investors wants to put their money in a project they know is secure and has potential for growth. Financial analysis is the process that allows investors and developers to determine the profitability and security of their investments. Keep reading to find out how to conduct a financial analysis before investing your money.
Read MoreCommercial Real Estate Red Flags & Deal Killers
Underwriting a development project, especially from the group up, can be a tedious process. The underwriting phase is the time where developers should keep their eyes open for any red flags or deal killers that could jeopardize the success of their projects.
Read More
Submit a Comment
Your email address will not be published. Required fields are marked *