Michael Milligan wrote:I don't know how expensive it is to subdivide. Not much compared to the price of the land itself, that's for sure. The other problem with a lease is that they can still sell the property and then you'll have a new land lord you didn't get to pick. I agree it is not the best option, but it is an option.
If you go to the city they can tell you how much subdivision is and who owns the land you are interested in.
Question: why that area? I for one plan to get a team together, find the money and buy some paradise in Ecuador. The climate and costs are much better for people like us there. If you are interested...
Michael Milligan wrote:You will need to talk to the city government. They need to legally subdivide it. Turn it from 1 property into 2 or more and then sell you one of those. The other option is to get a 25 year lease or something. I think they can do that without the trouble of dealing with subdivision.