Catherine Bell outlines how to lease vacant land for truck parking and mechanic services, generating $50,000 a month while pursuing rezoning for a luxury mixed-use project. The strategy covers holding costs during the 2-4 year entitlement process, turning what's usually a cash drain into steady income.
Are you ready to run this deal? I figured it out. Option A gives us $50,000 a month.
So strategy: buy the land, operate interim cash flow, truck parking, on-site mechanic, 2 to 4 years, annex entitlement, rezone position for luxury mixed-use urban development, retail ground, residential above, large unit count than prior concept. I love that we can be cash flowing this while we're getting it through annexation and entitlement.
Not a lot of people can do that. That, right? Like, a lot of people are like, oh, I gotta buy this property and suffer on holding costs. No, holding costs for this property are $50,000. If we had Option A, this is the way I figured it out. Option A gives us $50,000 a month.
