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Updated almost 2 years ago,
Looking for the best Real estate Developer Pro forma template
Good morning!
I am hoping to purchase a vacant lot 2 doors down from me zoned for MF. There is a duplex on either side and I am househacking the duplex 2 doors down. I would like to start a pro forma for building a duplex to see if the asking price for that land would work for me or not. I am thinking I need to speak to an architect prior to being able to do the pro forma. How does someone pay all these architects just to analyze if a piece of land will work for them or not? As well as the soil test. That has to be done prior to buying as well correct?
Any insight would be greatly appreciated.