Buy vacant land and run a truck parking lot with an on-site mechanic for 2-4 years while pursuing rezoning. The interim cash flow generates $50,000 monthly profit, offsetting holding costs until you develop it into a luxury mixed-use building.
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.