Lot splitting is the process of dividing a single property into two or more separate legal lots. Lot splitting can be a lucrative strategy for savvy land investors looking to maximize returns.
By dividing a larger property into smaller parcels, you increase its overall value and potentially generate more profit.
But wait, before you go all Willy Wonka and start chopping up land like chocolate bars, there are a few things to keep in mind.
Local rules and regulations are the starting point. Zoning, permits, access, road frontage - the whole nine yards. Plus, is there a market for these bite-sized plots? Do people actually want to buy in that area?
Join Heather and I as we take you through our ultimate 8-step guide that will make sure you get lot splitting/land subdivision right every time. Listen in!
Key Takeaways
Intro (00:00)
Why we split land (01:48)
Finding and splitting rural properties for development (06:54)
Property valuation and location analysis (12:09)
Partner with Pete Program (16:24)
Observe zoning regulations (21:36)
Ease of transaction (24:37)
Improving property value (26:48)
Close on the property quickly (29:32)
Other strategies and tips (30:30)
Q&A from the Land Conquest Community (32:54)
Additional Resources:
✨ Are you a real estate agent, and you see an opportunity? Submit it at https://lotsplitdeals.com/
✨ Get all of our recommended tools and services at https://resources.landconquest.com
✨ Follow Pete on Instagram here: https://www.instagram.com/partnerwithpete
✨ Follow Heather on Instagram here: https://www.instagram.com/itsalovelylife
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Turning Profit is a podcast for people who love real estate, brought to you by Pete and Heather Reese.
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