Building on Land in Maryland

[Aj Bowman]

Hi Everyone,

I kind of posted about this before and I got a ton of responses and people to talk to about it. However I want to decide exactly what I want to do before I start contacting these people.

I have some land that is available in Bryans Road, Charles County Maryland. At first I was going to sell the land with me just starting my real estate investing career.  But then my entrepreneur mind took over and said why don't I build a bunch of houses on the land. Thinking that a could make a lot more money that way and probably give myself a lot bigger headache in the process. 

At this point the land is 38 acers of all woods that backs into parkland and is about one mile from the Potomac river. I would like to subdivide it out and find the best way to bring in the most profit. I am thinking SFH will be the best to put in being that the location it is in but I will need to some more research. 

A big question that I would have first is how can I get started with this. Next how much would the cost in square feet be to build the houses. And finally how many houses can I put on 38 acres? I am sure that there are a thousand other questions that I should be asking so I could use a lot of help on this.

Thanks ahead of time