If you want to buy an empty lot but don't have the money to get anything built on it? Do people usually look for investors/loans?

If you go on Loopnet looking for empty land to buy They tend to be cheaper; in the tens of thousands to hundreds of thousands due to no buildings on the land.

Say you want an apartment complex or retail building built This would naturally cost in the millions I'm guessing it's up to the property

If you go on Loopnet looking for empty land to buy They tend to be cheaper; in the tens of thousands to hundreds of thousands due to no buildings on the land.

Say you want an apartment complex or retail building built This would naturally cost in the millions I'm guessing it's up to the property owner to use leverage and seek out investors?

Other answer:

The Equalist:
people normally don't buy just a lot. And when they do it's cash (not a mortgage or loan). When they buy just a lot it's usually for the purpose of putting a mobile home there but you can't move in until there is water, electric and sewer there and inspected by the inspector.

Today things are expensive and the economy is bad so your better bet if you were to plan a home there is to talk with a contractor and work it out that both the land and construction loan are together with the same bank.

Dr Yes level 9:
When I bought my rural acreage I did nothing for several years until I could afford to. It is outside of all city limits though. If you are in city limits there are many rules to obey. Be sure to check and see if any back taxes are owed. Sometimes you can actually get lots, or land, by just paying the back taxes. Check for any liens at all. This is so complicated there are businesses dedicated to it. "Title Search"
choko_canyon:
Yes, the property owner would typically find a real estate developer to develop the land, unless a developer found the owner because he wanted to build something.
WINGNUT:
Talk to a Realtor

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