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

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Land & New Construction
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 9 years ago on . Most recent reply

User Stats

56
Posts
16
Votes
Matt T.
  • Investor
  • Pensacola, FL
16
Votes |
56
Posts

Subdividing lots near Pensacola, Fl

Matt T.
  • Investor
  • Pensacola, FL
Posted

I'm Interested buying several lots ranging from 1-4 acres for a total of 12.97 acres. Many of the lots have things that would need to be removed like septic tanks, oil tanks, trailers, house etc. None of which I really see as salvageable. I was thinking I could clean up the lots get them sub divided and ether build a neighborhood that could have 15-75 SFH built or an apartment complex on them. This looks like it would involve having 1 or 2 county road build as part of the sub division. Not sure whether I would hand off to a builder or what after that. I already own 5 houses as a buy and hold investor 4 of which are in this area. I am aware this could be a several year project. But I think it would be worth it.

My goal for this are:

-Effectively clean up area and improve the neighboring area

-Make some money by packaging a SFH or multifamily apartment complex/development

Here are a few questions

Who would I talk to about re subdividing? Civil engineering firm?

Would it be best go it alone or partner with someone?

How would to determine to just do the packaging or go all the way with the building?

How do you check whether it is more feasible to go apartment or SFH?

I think I remember a podcast on this anyone remember?

Most Popular Reply

User Stats

42,737
Posts
62,959
Votes
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
62,959
Votes |
42,737
Posts
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

@Matt T.

  for free waltz into the planning department and speak with a planner... either over the counter or if they will set an appointment... this will give you a heads up on what is permissible use... once you think its still doable.. then go see a good land planning firm that may also have a civil with it.  Hire them to do a feasablity study  usually 3 to 5k.. and then if it looks good you can start down the path they lay out for you.

Any specific information on BP will just be ramdom hearsay you need to talk to the people in charge of the area.. each municipality or county is different one size does not fit all.

business profile image
JLH Capital Partners

Loading replies...