Land Banking!
This is a 20-acre piece I bought end of 2015.
Yep, I closed on a piece without development approvals…
Why…because I bought it for the “As-Is” value, not the development value.
The owner wanted a quick close…didn’t want to wait for the property to be developable.
I knew this piece would be developable in the future, because of my knowledge…so I bought it!
We are now 6 years later and in the process of obtaining approval of a development!
Knowledge is Power…if you apply the knowledge!
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