The best way to finance land development
Hello, BP community!
I am putting together business plan, and as a stage number one of it I am considering flipping land - acquiring raw land and creating a project for a house with all the plans and permits, ready to be build, and then reselling it for a profit as a project. Question number one - what do you guys think about this whole idea of land flipping by creating a value (all the permits and plans should be ready for a new buyer to start working on a new build the next day after close of escrow)? Question number two - what are the best ways to finance this kind of projects?
Thank you for your time.
Sincerely,
Oleg Korolov