As an active wholesaler, you may come across vacant land from time to time, but inquire no further. Because they are widely misunderstood, vacant land deals are passed up regularly because wholesalers does not understand how to profit from them. The potential to profit from vacant land lies in who you know, not what you know.
As a strong word of advice to wholesalers, do not attempt to research and understand everything there is to know about vacant land before taking action. Instead of wasting weeks trying to absorb as much as you can, locate a reputable development company, such as Boraie Development, LLC in New Brunswick, New Jersey. Boraie Development LLC is one the most sought after developers in New Jersey, and they specialize in urban developments such as deluxe luxury high-rises and condominiums.
Boraie Development, LLC is always working on new projects, and the will gladly they will gladly purchase vacant land if it presents a profitable opportunity for them. Boraie are land development experts and are world renowned for exquisite developments and astonishing community revitalizations. Their reputation remains admirable as the visionary president, Omar Boraie, had been celebrated as the man responsible for New Brunswick’s rebirth. When all others doubted and bet against him, Boraie executed his dream and vision of transforming a eyesore collection of dilapidated buildings into the upscale downtown New Brunswick those same doubters admire today. Developers with that intensity of forward thinking and determination are rare, but are highly recommended when large development and revitalization projects are at stake.
Once you understand the developer needs, go out and find it. Develop leads by driving around the developer-desired areas and write down the locations of vacant land you find. Use the land records and property assessments at the county office and locate the owner of the property. Forward the information you find to the developers, and request a finders fee if they purchase the property. Builders will gladly pay a finders fee if you connect them with the owner of a prime piece of real estate. Wholesalers do not need to involve themselves any further. Simply find another parcel of land and repeat the process.