Jake Burhans warns against buying land without approved permits, even if an engineer thinks development will work. Use a provisional agreement instead: hold the land at a set price while you confirm approvals, with a clear deadline.
Yeah, no, I hear you. Definitely not a listing contract. The thing that's tough with buying land without the approvals, as you know, is it's hard to buy it based on 10 units because you're essentially speaking hypotheticals. I know your engineer works there and he says it's going to get approved, but it is technically hypotheticals. Would you be against holding it under agreement if we could come to a number while we can get— go to confirm the approvals on it? At what timeframe? That would be a good question. I can get a timeframe for you.
