In Maryland, With 5+ acres of land, the appraisal was conducted and it says that the land can have one home built on it. I found it hard to believe that only one home can be built on all this property .

If there's anyone with insight on how to go about this, please feel free to educate me.

I've heard of Sub-dividing land into lots, Im curious as to how I can go about subdividing the acres we have into possible 1-Acre lots. If it is possible, would I have to actually do that before I look for partners to build?

My initial plan was to come up with a presentation to present to Private Lenders/Developers etc. I would provide all the info necessary about the land, what we can build on that land, the cost to prep the land(in necessary), the cost to build these homes (if we can subdivide into lots), what the homes would be projected to sell at when finished & even the real estate agents that we would use.

I also had a plan that I definitely need insight on.

I thought it would be smart get pricing on everything it would take to build the potential homes & pitch it to the investors. Meaning all the cost for the materials needed plus the shipping cost to deliver those materials.

Now to show the difference between why this is a better situation than any other person looking for lenders...

1) We own the property outright

2) I have been employed with a materials company for 3 years now, that provides all the building materials needed for any job you can think of. The materials that may be needed for my project would come at a price way lower than any what any other person may be able to get. The fact that I work for a Materials company I think is a big asset and negotiating tool. I can get all the materials lower than market value + free delivery.

Please comment with any advice you may have!

0 Votes

14 Replies

Jump to Last Reply

Sub-Dividing 5+ of Land in MD & presenting a project to lenders

Most Popular Reply