The REtipster Podcast | Land Investing & Real Estate Strategies Subdivide and Thrive: How Neil Clements Plots Success With Subdividing Land
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Mar 26, 2024 Neil Clements, an expert in land subdivision, shares insights on maximizing profit through creative marketing, navigating regulations, and finding promising land opportunities. He delves into challenges, strategies, and the importance of due diligence in successful land development projects. Discusses unconventional land uses, profitable subdivision strategies, and efficient real estate marketing.
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Profitable Land Deals
- Neil Clements's house-flipping profits came primarily from land deals, despite doing few.
- This realization, during a sabbatical, led him to focus solely on land subdividing.
Land vs. House Flipping
- Smaller land parcels command higher prices per acre due to greater demand.
- This principle mirrors house flipping, where smaller square footage often fetches higher prices.
Offer Calculation
- Focus on a property's potential value after subdivision, not just current market value.
- Calculate offers based on a target profit margin and the costs required to subdivide.