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Updated 24 days ago on . Most recent reply

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Benjamin Lingo
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Raw land acquisition funding advice

Benjamin Lingo
Posted

I’m looking for advice on funding and or partners in the Ohio market. Ive done some exploring of different options for funding specific properties in Ohio but with little experience in real estate I could use some help. I have a degree in civil engineering and 15 years construction, site development, and short term rental experience and am looking to shift my focus/career towards real estate development, mainly raw land although if there were a house on the property could include fix and flip.

I plan to purchase 50+ acres of raw land with 1000+ feet of road frontage, have it surveyed and split into separate 5+ acre parcels for re-listing. I would make improvements to the property only when doing so would cost less than the value added to the property. Examples could include but are not limited to installing new/ improving driveways, clearing overgrown trails/ build sites, demolishing abandoned buildings, property cleanup, extending or having utilities pre-approved, etc.

Any advice or recommendations for funding, mentoring, partners, real estate brokers or attorneys would be most appreciated.

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
Quote from @Remington Lyman:
Quote from @Benjamin Lingo:

I’m looking for advice on funding and or partners in the Ohio market. Ive done some exploring of different options for funding specific properties in Ohio but with little experience in real estate I could use some help. I have a degree in civil engineering and 15 years construction, site development, and short term rental experience and am looking to shift my focus/career towards real estate development, mainly raw land although if there were a house on the property could include fix and flip.

I plan to purchase 50+ acres of raw land with 1000+ feet of road frontage, have it surveyed and split into separate 5+ acre parcels for re-listing. I would make improvements to the property only when doing so would cost less than the value added to the property. Examples could include but are not limited to installing new/ improving driveways, clearing overgrown trails/ build sites, demolishing abandoned buildings, property cleanup, extending or having utilities pre-approved, etc.

Any advice or recommendations for funding, mentoring, partners, real estate brokers or attorneys would be most appreciated.


 I would recommend joining ULI (Urban Land Institute) They have a network of people that can provide exactly what you are looking for


Remington is it just ULI dot com ? I would like to check that out as I have gotten into land funding and pre development funding the past 24 months and really love it.
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JLH Capital Partners

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