Does anyone have experience entitling commercial land? Talking to a seller about 100+ commercially zoned acres in Charlotte, NC metro area. Water available and sewer can be extended.
Is it a “finished lot” - meaning all utilities, curb, etc is set and ready to go? I’d call jurisdiction planning and zoning and see what they require before building can start for that lot.
Had a similar deal in Chicago that didn’t work after I learned the lot needed $325k in improvements first to get to “finished value”
Helpful AI tip that has worked for me while in discussion with sellers:
Created a Chat GPT persona: Negotiator. Fed it 20+ sales / negotiation books via pdf and had it save to its memory and focus on specific techniques I wanted to incorporate.
I feed my initial call transcripts and all other communication with sellers into it and ask it to provide feedback and guidelines for next discussions.
AI's ability to consume and apply knowledge on a day-to-day basis is insane.
Master Plan for 174 lots submitted for preliminary approval. Estimating about 86k per finished lot.
Finished meaning shovel ready post horizontal construction (roads, infrastructure, sanitary & water, street lights, curb, stormwater, etc)
Fun little subdivision in an environmental protection area in Florida. All 3 lots are under contract pending approvals.
Purchase price: 645k
Soft costs + Entitlements: 30k
Sales Price: 1,107,000
Preliminary plat process here was a bit of a bitch given all the required environmental studies, and current zoning only allowed 5 upland acre lots, but was much quicker than going for a Comp Plan Amendment (additional 6-8 months) for higher density.
@dickiebush Also think learning how and when you enter flow states and planning your day around those times makes a huge difference in getting things done.
@itswithinme_ Studied aerospace engineering in college and after my first internship knew it wasn't what I wanted to do. Starting companies teaches you a ton more, but not everyone will / is cutout to do so.
Here's an easy cold call line I always use that usually disarms the person on the other end.
"I'll be upfront, this is a cold call - can I have two minutes of your time?"
Works more often than not to at least get a convo going