Trevor Hammell wishes to form a real estate syndication for the purpose of buying and developing a parcel of land located near the announced location of a multi regional shopping mall. Trevor has in mind that he will sell limited partnership interests in the firm to people in Arizona (where the mall is located) and in several other nearby states. Trevor is curious about the nature and types of laws that will affect his proposed project. How would you advise Trevor? Provide him with a list of relevant laws.

Question

Shannon Gibbs

Law

7 April, 17:12

Trevor Hammell wishes to form a real estate syndication for the purpose of buying and developing a parcel of land located near the announced location of a multi regional shopping mall. Trevor has in mind that he will sell limited partnership interests in the firm to people in Arizona (where the mall is located) and in several other nearby states. Trevor is curious about the nature and types of laws that will affect his proposed project. How would you advise Trevor? Provide him with a list of relevant laws.

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Arnie · Answer 1

Vacant Land is one of the most overlooked and misunderstood real estate investments in the world. Most real estate investors completely fail to recognize the superior benefits that come with owning land in its raw form.

Here are some tips you should consider before buying a piece of land:

Explanation:

1. What is the Zoning on the Property?

2. What is the Topography of the Property?

3. What is the Annual Tax Obligation?

4. What Public Utilities are Available? (Water, Sewer, Electric, Gas, Phone)

5. What are the Required Building Setbacks?

6. Does the Property Have Any Usage Restrictions?

7. Is the Property Located in a Flood Zone?