The 3rd edition of this book was published last year by ASCE Press. If you want to diversify your business and investigate a proven process in which to evaluate residential properties, this book may be an important guide. In an earlier post, I suggested that buying finished lots under the market was a viable investment strategy. Obviously only after proper investigation. Also with the new initiatives at all levels of government and energy conservation efforts, you may still find below market land for residential purposes. In coming days, I will post items on a due diligence approach that will help you reduce the risk in buying land.
Land Tip: go to your local municipal sewer department and ask for a copy of their sewer line master plan. This should show you the existing locations of sewer trunk lines and the future sewer line extensions. Use this plan with the GIS plans online for your community and assess those properties in-line for sewer and that can be purchased below market. If you have specific questions, please contact me. I am willing to assist you in your efforts to diversify your business plan for the upcoming trend upward in the real estate market.
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