Tuesday 10 May 2016

Waad Nadhir - Three Strategies for Making Profits off of Your Land

Waad Nadhir is an experienced property developer and knows how to make profits from land ownership. He has many years of experience as a broker, business owner, and property developer. He is currently the President of BOSC Realty Advisors in Bloomfield Hills Michigan, where he works hard to acquire and finance new properties and consult with other property developers from all over the country. Here are three strategies for you to make profits from your land:

  • Rezoning and developing. Waad Nadhir has helped companies that have acquired land zoned for a specific purpose and developed the land when it becomes rezoned. Sometimes land zoned for residential use in some areas is more valuable than land zoned for industrial work, for example. It all depends on the location and the general economic state of the region the land sits in, among other factors. Most recently he obtained a Conditional Use Permit for Steadfast Companies in the Santa Barbara, CA area so they could convert an office building into a senior housing project.
  • Development. This is the bread and butter for Waad Nadhir and his employees at BOSC Realty Advisors. Development is probably the most lucrative and the most difficult way to make a profit from your land holdings. There are the costs of getting it approved for development, the construction costs, themselves, and building permits to start and ultimately leasing the project.
  • Buying and holding. Sometimes the best thing to do with your land is hold it and wait for it to become a more ideal place for development or rezoning. You’ll need to know the general land property value in the surrounding area to make this work in the long term.

Waad Nadhir has many years of experience helping to finance, acquire, and develop properties.