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REDDIT

Thinking of buying Land for development

I’m looking for a new investment and found 2 acres I can buy outright no loan in a hot market. About 8 lots of 5,000 square feet each. I’m thinking of buying the land and developing the lots one at a time. It’s got building plans of what it would look like with a street to each lot. I’m a business owner already and maybe I should just invest money into buying another franchise or back into the business or a house for myself but I have a vision when I see this land. Maybe I just turn it into a Christmas tree lot and grow Christmas trees or i build my own house on the land. This is crazy thinking but I guess I feel like I want to do something more now. Question is if you had the money right now to buy 2 acres of good land in a growing market with building plans what it could be if you developed it into a residential neighborhood would you do it?