[tommy2]

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Hi Tommy,

My uncle/aunt bought a 500 acre ranch near Salida Colorado. They then subdivided it into 30 acre mini ranches, added in roads and utilities, and sold off the lots for huge profit. In todays market is this still a viable investment strategy, and if so what are some of the issues involved in finding the right property/location/profit potential. And what are some good ways to raise capital for a project like this.

Thx.. BB

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Yes. This will be a good strategy forever. How do you find projects like this? Well, its part art and part science. Start by thinking about where people are moving and living in your area of the world. Then think two or three steps ahead. Follow interstates and growth patterns; invest the time to learn about your area. Talk to the municipalities and ask to see their 2020 projected population.

As for $...if you have a good idea, or a good product, in RE there is never a shortage of capital. You may have to schlep a bit to find it, but there is a world of people looking for predicatble 15%+ investments with mitigated risk.