New Construction Infill Development with Little Capital

[Ryan Kennedy]

Hey y’all! 

We own a piece of land in an up-and-coming urban neighborhood. It is zoned higher density, and we've seen some cool SPUD's get approved and built here the past year. Ideally, we would like to split the lot into two parcels, and build an SFR on each one, hoping to avoid any HOA or townhome situation.

Our goal is to be able to build both houses without having to take on any equity partners. We’d like to live in one of the homes as well. Our initial thoughts are to draw up architectural plans, get the lot split approved, and list the lots for sale with plans. We could sell one and use funds from that to assist with building the other home? 

Does anyone have experience with small infill development and want to pitch in some advice?

thanks!