General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago,
Funding a six house neighborhood?
I have been driving by a 6 acre plot of land in a prime residential area for the last two years. It is across the street from a well-to-do neighborhood and a church. My first thought is that if I can generate a design for 6 houses and shared community green space(rather than individual yards). It could mimic on a small scale another very successful neighborhood in my area. I figure it will cost around 800k dollars when finished with development. Keep in mind these are just ball park figures. But my second thought was, if I could complete this properly, it could provide me with one of the houses paid for to do what I please with. I could live for free or rent it or sell it at any point.
Are there any suggestions about how to get private financing for this or any suggestions at all on directions to move towards. I am still bouncing this stuff around in my head. I have not decided which way to go nor have I contacted the people who own the land. But it has been on the market over two years.
Thanks for your time.