- There is no corner-cutting, no skipping steps; Entrepreneur Ryan Hoggan does things right when it comes to land development.
- Land development is an extremely long process, it can take years sometimes depending on your goals, so if you’re just trying to make a quick buck, you’ll be in for a huge surprise.
Ryan Hoggan, an extremely successful entrepreneur who has recently set his sights on real estate, has been making quite the wave in the land development industry. Many real estate investors are afraid to get their hands dirty and scare away from raw land and land development.
They prefer to either buy a pre-built property or flip houses for easy profit. However, Ryan Hoggan is not afraid to get his hands dirty (sometimes literally) and develop a piece of land to increase the value himself.
Why do you prefer raw land and land development as opposed to, say, flipping houses?
There’s something so freeing and exciting about land development. I don’t believe you get the same satisfaction and reward as other forms of real estate.
I’ve been around the block and have experience in just about every form of real estate investing you can think of. Land development gives the most control and the most satisfaction from my investments, so that’s why I’ve done so far into the industry.
I’m a very patient person. I’m willing to wait however long it takes to make my money. I’m not the type of person to look for the quick buck, which I think is what draws me to land development.
Land development is an extremely long process, it can take years sometimes depending on your goals, so if you’re just trying to make a quick buck, you’ll be in for a huge surprise. I do a lot of planning and am willing to wait for quality work to be done right.
No corner-cutting, no skipping steps; I do things right.
Real Estate has had a gigantic boom in the past couple of years, and many experts agree that there is still room for it to grow.
While the best time to get into real estate investing was about three years ago, the second-best time is right now.https://t.co/yFm3QzhxvJ
— Ryan Hoggan (@RyanDeanHoggan) March 18, 2022
What kinds of developments do you try to buy land for?
I don’t think about my purchases like that because zoning is going to play a huge role in what you end up developing. So I never really think about what I’m going to develop as much as I think about the land and its pricing.
Once I’ve seen the price and know the zoning laws, I can start thinking about what I’d like to develop, and I don’t really have a preference on that side of things.
Absolutely, I think that’s a great way to invest money. Personally, I prefer raw land development; I think it is more fun, although it is also a lot more work. It all comes down to a personal preference and how much time you’d like to commit to your projects and investments.
As I said, though, I’m in it for the long run and throw myself into my projects.
I sort of touched on it before, but they are way too impatient, and they don’t think long-term. You know there are yearly costs just for holding land, and as I said, sometimes developments can take a while, so they find themselves slowly losing their returns because they didn’t factor these things in.
They also rush past zoning laws and regulations, which adds in fines and other penalties that could’ve all been avoided with slower, more tedious research.