Are you in this situation ? Would love to hear from you.
2006-09-08 23:01:09 · 8 answers · asked by DANIEL D 2 in Business & Finance ➔ Renting & Real Estate
The answer given about leasing is a good one; that can be very profitable. Be careful about talking to developers. You need to have good counsel, like a capable commercial real estate agent. Because development cycles are so lengthy and often tied to zoning changes and other governmental processes, developers will try to delay settlement and payment until certain milestones are met in the process, up to 2 or more years. Try to get as big a deposit up front as you can.
Also, if you can value the land, you may sell and offer financing to create a cash flow for years to come, and to maintain an interest in the land.
Otherwise, you may try to locate an investor group in the area and/or find a good developer and offer a partnership with some type of equity sharing in the development deal.
2006-09-09 07:16:29 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Consult with a developer! Ask around to find a good and reliable one, or simply find one in the phone book.
As always, you can probably get more money out of the deal if you know what you're doing and can avoid the middleman... but if you use a professional, you at least know that things will get done correctly and you'll avoid making stupid (and potentially very expensive) mistakes. You'll avoid a lot of headaches too.
2006-09-08 23:08:54 · answer #2 · answered by Bramblyspam 7 · 0⤊ 0⤋
lease it a corporation that wants to build their building there, you can make a very good income from leasing, contact a corporate realtor and also get legal advise from a attorney to do the legal paperwork to protect your rights, [leasing the property, they buiild it and have the rights [ usually for 100 years] a good attorney is worth the fee you will pay to do this.....
2006-09-08 23:11:54 · answer #3 · answered by churchonthewayseniors 6 · 0⤊ 0⤋
Sell it and buy a dwelling more accommodating. obviously this person is looking for an instant move in...right
2006-09-08 23:51:00 · answer #4 · answered by D C 2 · 0⤊ 0⤋
You could try an rent it out or lease it for private parking, income for very little outlay.
2006-09-08 23:09:27 · answer #5 · answered by havanadig 6 · 0⤊ 0⤋
he need to ask other persons, persons ther he trust and if he had the posibiliti he shood ask a person ho realy now how to do it, a person ho did this befor. BUT: BE CAREFUL HO YOU ASK
2006-09-08 23:28:31 · answer #6 · answered by pericle . 1 · 0⤊ 0⤋
sell it
what the hell else would you do with it?
2006-09-08 23:33:02 · answer #7 · answered by viking_transplant 3 · 0⤊ 0⤋
sell it.
2006-09-08 23:02:29 · answer #8 · answered by Anonymous · 0⤊ 0⤋