I Have Crazy Ideas in DC!

[Jay Williams]

Hi all!

I'm a relative newbie from Washington, DC. I had dreams of owning a multifamily after seeing the impact of other people in my life owning rental real estate. In 2015, I finally made that happen with a building in Washington, DC that I live in and rent out the other units.

My wife and I had been dreaming/plotting our next step when my Grandparents (and real estate inspiration) passed. We have this big idea to purchase their house/property (a few acres of slowly developing country land in SC) and redevelop it into multiple houses. The idea is so far outside of anything we ever considered before that I would regret not going for it.

I've read through Craig Grella's awesome Residential Land Development write up a few times. It was very eye-opening and gave me a lot more pieces to research and polish. But he lists "Inability to Seek Advice" as one of the top reasons for development failure, so here I am! I'd love input along the way and I'll try to keep you updated on progress - even if it's "Failed miserably, but learned a ton. On to the next one!" (but I hope it's not that).