Development idea and opportunity in Charlotte NC

[Jeremy Johnson]

found a really cool piece of property with a small pond on it and know it would be great to develop it into a small subdivision. have a comparison to a Ryan's home property being developed and per arce the cost is the same.

I have no experience in Real Estate and there is no way I could finance this kind of deal but I didn't want to not try so I am putting it out there. Hopefully I can find someone who wants to help make my dream a reality

property would cost $700,000 then cost to develop it.

[Scott Krone]

@Jeremy Johnson.   I know @Jay Hinrichs, and I know he knows development.  I have either developed for others or developed for myself over ~$250,000,000 of real estate, new construction, mixed use, or commercial.  The common message is this:  raw development is extremely difficult if not impossible for a beginner in real estate.  Close to 30 years of doing development is the basis for the responses.

For instance, I provided you a good amount of information to get your feet wet.  You responded, perhaps unknowingly, with a partial answer.  R-3.  That literally means "0" to anyone without knowing the municipality to determine what the definition of R-3 is, what is permitted, how much is permitted, set backs, lot coverage, FAR, etc.  In addition, you need the size of the property, topography, wetlands, lakes, etc.

The above comments are a word of caution for you, not a criticism.  @Jay Hinrichs offered great advice.  Begin working on the answers to the questions posed to you, and flip it to a developer.  Gain the experience, learn from it, and build upon it.