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Updated over 14 years ago,

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Narayan Berliner
Posted

I have been reading through the forums and there has been some truly invaluable advice / moments therein. Thank you for your insight. I am now doing some legwork towards developing a property in rural Hawaii and I'm looking to understand some specifics.


I noticed some discussion about tax credits (like low Income housing and rural development). I think I have a chance at rural development grants / loans in this location and have scheduled a meeting with the respective offices to explore these possibilities. In the spirit of due diligence what should I know going in there? I would like to know a little more about what I'm asking. Essentially how I would want to phrase things so that they get the impression I researched and wish to move forward. I am open to suggestions (i.e google this, look up that) but of course welcome direct input.
I will be bringing :
A business plan
Moral support /architect (my significant other)
My wits about me and hopefully the right questions :D
I am aware developing is a challenging thing but I’m an innovator. Challenge is one of those reoccurring themes I associate with things worth doing.
:wink:

What I am looking at : a commercial strip 2 acres highway frontage. Shovel ready, commercial zoned, ocean views and in the middle of an up and coming rural town. They basically have a lot of housing in the area with many high end buyers moving to it. New multifamily developments for seniors and lots going for 250,000 (when they do go). Commercially speaking they have no “town†until somebody actually develops a center -with the way it’s been going it looks like it will take off. I want to build some 2 story buildings for leasing out. Exit strategy is build and hold. I would be occupying some office space for my own business. I am unsure about how to do market studies in such a situation and would like suggestions as to how I'd go about that...

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