The 5 Step Process For Buying, Developing, and Profiting From Vacant Land In Orange County

Research

The first step in the process of buying, developing and profiting from vacant land in Orange County is to research! There are a handful of ways to find vacant land to buy. First of all, you can call us at 949-625-4533 and we can help you find what you are looking for in Orange County. You can work with a Realtor who has access to the multiple listing service, or MLS. You can also find properties for sale by owner on public posting boards online. There are also public auctions held by cities and counties in CA that frequently offer vacant land for sale, mostly due to unpaid taxes. Working with a real estate professional might be ideal if you are new to buying vacant land, they know the tips and tricks of the trade. 

Look into the current and future zoning of the vacant land, will the municipality’s plans interfere with your own? Will you be able to request an exception? Are there any deed or usage restrictions or building requirements? Review the physical characteristics of the property, will it be large enough for your plans? Is there an excessive amount of clearing that needs to be done? Is it on a canal? Does it have direct access to tap into the utility system? Are there plans for utility expansion? Check into the plat maps and any surveys available to make sure there are not any surprise easements you are unaware of.

Purchase

You’ve found the vacant land you want to buy. The next step in the process of buying, developing and profiting from vacant land in Orange County is the purchase! It’s time to negotiate an offer and fund the closing! How are you going to do that? Do you plan to pay cash, or do you need a loan? It is a lot more difficult to buy vacant land with a loan from a bank than it is to buy a building, residential or commercial. There are only a handful of banks that will loan on raw land, and they usually require a much larger down payment. Another option would be to form a partnership to invest in vacant land, and you may form an agreement to pool your funds to buy a larger portfolio of land with larger returns!

Plan

The next step in the process of buying, developing and profiting from vacant land in Orange County is to plan! Decide what you are going to do with the vacant land based on the current zoning. If you want to do something different than the current zoning will allow, apply to change the zoning. Will you build a single-family house or a multifamily building? If its commercial, will you build a single business building, or maybe it’s enough land to build a plaza!

Develop

The next step in the process of buying, developing and profiting from vacant land in Orange County is to develop! Find a builder that has a good track record and valid references to build your project. Make sure to keep tabs on their progress to verify they are building to your specifications and options.

Rent or Sell

The last step in the process of buying, developing and profiting from vacant land in Orange County is to rent or sell. For long term, regular payments over time, your best option would be to rent the property. This does come with additional landlord duties, so make sure you are aware of your responsibilities. If you do not want to be a landlord, then selling your new development would be your best option! Your profit margin will be more than if you just bought and resold a piece of vacant land.

Call H&M Realty Group at 949-625-4533 or send us a message to discuss this 5 step process for buying, developing, and profiting from vacant land in Orange County.

Joe

Broker/Realtor/Investor/Mentor (41 years experience) Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale, Property Management, Landlord I'm a Full Time Real Estate Professional, house flipper and mentor to many of my clients. I am here to help you get top dollar for your home or get you the best price for a home that you are going to live in. I have over 40 years of real estate experience for you to draw on and actively list and sell over 20 homes a year. I have sold over 600+ homes in the last ten years alone. I am a very skillful negotiator and will work diligently to help you realize the best possible price when buying or selling your home. With my Exclusive Home Acquisition & Sales System, I can find the Right Home for You! I have access to homes no other Realtor will show you. I can show you how to save an average of $10,000.00 on the purchase price. We will find a home that fits your needs, in a neighborhood that suits your style. If you are selling your home then I can bring all the professionals to you. I always include professional photos in ALL my listings. I have contractors standing by to assist with those upgrades if needed. I can also quickly get you ALL CASH offers for your home if you desire. My marketing surpasses all other agents. It begins with extensive internet advertising to hundreds of websites throughout the world. I do direct mail marketing for you home and also knock on doors in your neighborhood when I am holding an open house. I hold you home open to expose it to as many buyers as possible. My Exclusive program is designed to sell your home for Top Dollar in Any market. I am an experienced flipper here in Orange County and therefore can offer you my over 40 years of real estate experience. The information is available to you at no charge! If you like what you see, please call me and setup Your Free Consultation.

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