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Updated 4 months ago,
Creative finance options for subdividing and developing property
Hey there, I secured a 10-acre property back in May that can be subdivided into two fives. Currently it has this large single-family home that I am running as a STR (https://www.airbnb.com/rooms/1124648152156916536). My vision is to subdivide and develop the lot. My thought was to build:
1) detached ADU on the new lot with the existing home and
2) build a large SF and another detached ADU.
Of note, in this county the ADUs can be up to 1500sf. Also, I don't have cash right now as it's tied up in the original purchase, rehab and furnishing the place.
To continue to move forward with my vision, what creative financing or investing options are out there?
Cheers! James