Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on .

User Stats

11
Posts
0
Votes
Jeff Hall
  • Fort Collins, CO
0
Votes |
11
Posts

Questions about tear down and rebuilds...

Jeff Hall
  • Fort Collins, CO
Posted

Hi Everyone, 

I've been doing my due diligence in getting ready to start flipping houses and doing rentals...but I've come across an opportunity to buy numerous foreclosed homes over time that are sitting on land that is zoned for two properties. My plan with my two partners (two real estate lawyers) is to tear down the houses and build two shotgun homes on the lot. 

I'm just wondering if anyone knows of any literature they can refer me to about to do this. I have no doubt I'll figure it out over time, but I'd love to be made aware of costs, issues and other scenarios to keep in mind while I'm working through this. What is the best way to finance...All private money? Hard money? Construction loans? Or a combination? Any advice would be much appreciated!

I already have some private money as well as some hard money...and so, of course, I'm also looking for other investors who are interested in having consistent money coming in from multiple high end contracts at a time.


Thanks for reading everyone!

Best,

Jeff