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Updated about 8 years ago on . Most recent reply

User Stats

105
Posts
64
Votes
Glenn D.
  • Investor
  • East Grand Forks, MN
64
Votes |
105
Posts

I NEED Your help - 1st property development opportunity!!!

Glenn D.
  • Investor
  • East Grand Forks, MN
Posted

BP Family I NEED your help. I have the opportunity for my 1st small development deal and I have never done one before.  I need your mentor-ship, advice and possible joint venturing capital for the right people.  It is 22 acres in a great residential area that I can buy for a very inexpensive $300K

A little back ground on me:  My wife and I have been investing for years but all small single family fix and flips, buy and hold, BRRR etc.  We only did 2 deals last year, one fix and flip (Lease option sale) and one buy and hold, and currently have 5 properties including our residence.  So we are not big timers YET.  

Now I have the opportunity to buy 22 acres in a great residential area and develop it.  I haven't purchased anything this big and have never developed land into a neighborhood - please help.  I only have about $11K that I can access quickly without reaching out to other investors so please tell me how you would do this, what do I need to look at, what are the pros and cons of developing.

Thanks in advance - you guys are awesome.

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