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Bonus Code: LA841749 Land development is one of the best investments you can make if you understand the intricacies involved in it. It isn’t a topic that is taught a lot because there aren’t many people who know how to do it effectively, but we do and we want you to learn more about it too. Watch this video to learn more about dividing land through a development project I had that got affected by the local government so you will know what to expect! Key Talking Points of the Episode [00:00] Introduction [00:27] How can you divide a lot? [00:54] What did the changes in the city requirements do to my development? [01:27] How did we adjust to the changing land requirements? [01:56] Why didn’t we go for single-family homes instead? [02:20] What does the silver tsunami have to do with our decisions? [02:43] Why are we after the silver tsunami? [03:30] Why isn’t land development something people talk about? Quotables “If the zoning allows a 10,000sqft lot or in this case, a 37,000 sq ft lot, which is 0.859 acres, the city is going to dictate how big or small a developable piece of land could be.” “We certainly could’ve taken that land and instead of building 13 duplexes, we could’ve built almost 32 single-family homes, but it was not the kind of neighborhood I wanted to construct in this particular parcel.” “Even though I would’ve gotten a greater density, I would’ve had smaller houses, it would’ve felt really tight and cramped, and I would’ve built a two or three-storey structure to maximize my cost of the development.” “I wanted duplexes. I wanted 3-bedroom, 2-bath, single level, 1250 sq ft duplexes with no stairs.” “We have the silver tsunami upon us. 10,000 people a day in the United States of America right now are turning 65 years of age and older, and as they age and get older, they don’t wanna be climbing up and down stairs.” “By building that product, I’m going to have less turnover which reduces my total cost, which means profitability goes up even in the absence of the greater density.” “Land development is a topic that isn’t taught a lot because there aren’t a lot of people that know how to do it effectively.” _____________________________________ Subscribe, Like, and Comment! ▪️ leearnoldsystem.com ▪️ facebook: / leearnoldsystem ▪️ instagram: / leearnoldsystem #realestate #realestateinvestment #investment #invest #education #wealth