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Yes But, How Do I Evaluate Buying Undeveloped Land And Get Into The Business

Filed Under (Articles) by admin on 21-07-2006

These real questions on buying undeveloped land are answered by a US Master Builder and myself after receiving them from readers of my e-book,
“Residential Development Made Easy.”

Question 1.

What are some factors to bear in mind when purchasing undeveloped land for the
purposes of rezoning?

Master Builder & Developer’s Reply:

Study your Town Plan and see where your Council Planners want the physical growth direction to take place. Go and talk to the Planners - don’t ask them for their opinion - you might sue them in a few years time, so they won’t give you an opinion.

However they will talk about Councils plans for growth. Ask about utilities such as water, sewerage, roads etc. These are very costly and they will want growth to take place where existing utilities have capacity to handle the growth. This way if you acquire raw land for rezoning, you are working within the “thinking” of the local authority.

Be prepared to hold on the property for a long time. First thing to check before purchasing is to ensure it’s not part of or can be part of endangered species.

Then make sure that it was never part of or owned by a gas station, fuel company, salvage yard or had tire dumping. Also get expert tests. Make sure the land will allow for property
to be built on it.

Question 2.

What methods does the builder use to evaluate prospective parcels for development, and determine the price to be paid for the land? (Again, assume we have a basic

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Look at Me [Chapters - 9,10, and 11]

Filed Under (Articles) by admin on 21-07-2006

9

Catching Up

As the storm was penetrating the atmosphere with its shifting, jeering and driving winds: blowing everything about around inside out and on top of trees city lamplights, the city, the daughter now was but fifty-yards of the Capital; she is proud she has made it this far, as she fights her way north, farther north, and a little west. People are hiding in cars, a few tell her to come over, wave and yell at her to come over, but she won’t, she got to go north she tells herself, her father told her to, and that is what she is going to do, plus, if she doesn’t her father may miss her on his way trying to catch up to her, so she nodes her head at them: ‘no’, as she looks back to the ground, heading north, north behind the Capital, and up to Rice Street.

(The winds come and go 50, 70, 80 miles an hour.) The old man sees the top of the stairs, and begs to get up to the top, begging his body to perform, just a little more, just enough to last to see his daughter safe. He knows if he can last a while longer, everything will be ok for her: and ok is good enough to die with. He can last, his heart beating slowly, his face turning into a pale wax form, death form: he could last a while longer. His heart beating one beat after the other, slowly now,

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‘Buyer Beware’ of Business Purchase Contracts!

Filed Under (Articles) by admin on 21-07-2006

Paperwork, specifically legal documents, is a prerequisite to
buying any business. It doesn’t make any difference if you buy
a business once in your life or do it all the time, every
business acquisition purchase contract is different and
requires intense scrutiny on the part of the business buyer,
much more so than the business seller.

As a business buyer, each and every sentence within the business
purchase contract needs to be read, understood and agreed to
before you sign on the “dotted line”. This article will give
the business buyer a quick “fly-over “of the most significant
concepts one should understand relative to development and
eventual execution of any business purchase contract.

“He Who Writes, Wins!”

If you have been consistently exposed to business contracts in
your career, you quickly learn to appreciate the concept that,
in development of most complex business agreements, “He who
writes, wins!” Any attorney will tell you that it is always in
his, his client’s, best interest to be the author of the
business contract to be signed in a two party agreement. As a
business buyer, you want to be the writer of the purchase
contact. If you personally cannot effectively write one, invest
the money and have a competent contract lawyer write a purchase
contract on your behalf. If the business seller, or their legal
counsel writes the business purchase contract be sure you and
your attorney evaluate every detail within.

Always Maintain a “Paper Trail”

Given the extraordinary amount of capital involved in most
business mergers or acquisitions, coupled with the wide range
of people, conversations, meetings and iterative business
evaluation steps involved to effectively buy a business, it is
imperative

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