Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

How to Cash in on Atlanta's Record Number of Vacant Lots
The Atlanta Business Chronicle Reported recently that Atlanta has a five-year supply of building lots -- a five-year supply!  I can remember when just 12 months ago, I was lucky if I could scratch together enough building lots to keep my custom home builders happy.  In most cases, we had to find raw land, then get it rezoned, then get a development permit and run the roads.  We would gladly spend 12-24 months in site selection, entitlements and development just to have the lots to build on. 
Now the situation has changed dramatically, and there is almost no demand for finished lots with many builders sitting on months of finished inventory with no homebuyers in sight.  The large builders and developers have completely stopped raw land acquisitions and lot development.  I was touring the state last week with an investment group from Manhattan looking to cash in on Atlanta's down market.  We visited tax assessor after tax assessor in Atlanta's metro counties and the story was the same everywhere -- residential lot development is at a hard stop. 
And to further complicate the issue, banks are no longer extending credit for speculation home construction and subdivision development.  They've got enough problems ... more

__________________________________________________
Are you on The Rain? Grow Your Network!