From wholesaling to developing

[Ty Primers]

I’m currently wholesaling in Kansas City MO but I want to level up into development, specifically starting out building spec houses on lots. I want to know what all comes with the process and is the process really as simple as having the lot surveyed, finding builders for the right price and getting my floor plans stamped by a structural engineer and approved by the city ?

[Scott P.]

@Ty Primers, Personally I'd differentiate this way:  A investor would buy property already developed, such as an empty lot in a neighborhood, and then flip it to someone who would build on it.  

A Developer actually "develops" the property i.e. takes empty forest or farmland and brings water, sewer, electricity, natural gas, etc. to the property and puts in streets and subdivides it into lots.  There are a lot of variations on what a Developer does but this is how I would answer your question.