Rezoning To Increase Value

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Just wondering how many people do or have gotten a property under contract to purchase, rezoned/up-zoned, and assigned the contract to a buyer for a profit?



For how much?

If a newly rezoned parcel can only net around $5K to $10K, I am concerned that the $4K or more a rezone can cost may offset a chunk of my profits.



Has anyone had success with this approach?

Comments(2)

  • commercialking7th May, 2006

    I used to have a student who pretty much did this as his sole real estate investing strategy. Bought things land-for-sale/land/zoned-commercial">zoned commercial/industrial, changed the zoning to residential sold them to developers to build townhouses.

    How big a parcel are we talking about? What political enviornment?

  • mimoca3229th May, 2006

    Never done it, but it sounds like it might work.

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