Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

23
Posts
8
Votes
Jeremiah Lee
  • Investor
  • San Luis Obispo, CA
8
Votes |
23
Posts

What type of loan to sub divide acre lot into separate parcels?

Jeremiah Lee
  • Investor
  • San Luis Obispo, CA
Posted

I currently have a house on a one acre lot in San Luis Obispo, CA County that i'm interested in dividing into five separate parcels(4 empty parcels 6,000-7,000 sq feet & 1 parcel with the existing house).  My goal is likely to sell everything off after the County has recorded the new map. 

As a very rough estimate, I'm guessing it could cost me $150,000-$300,000 to get to a stage where the County of SLO would record the map showing 5 separate lots.  However, I also understand the process from start to finish can take between 1-3 years.  What types of loans would you recommend I seek out given the range in cost and time frame to completion?  Any other opinions or thoughts are greatly appreciated as this is a new type of project for me, thank you!  

Loading replies...