What would you do $275k or $430k?

[Ethan Nicodemus]

My brother in law and I bought a piece of property for $80k two years ago. We currently have an offer on the table for $550k cash no contingencies. the buyer plans on building (2) 3,000 sqft homes and pricing them at $900k each. 

If we accept the offer we each would have $275k to reinvest back into real estate. 

Question 1: Would you accept the offer or develop the property yourself?

Developing it yourself: Would require $1M in private funding as well as hiring and managing a crew for 12 months. to make an additional $430k. the investor would receive a 12% return on the borrowed amount.

Question 2: What are some reinvestment strategies you would use to multiply your profit?

one thought I had was instead of putting that money all into one property. I could instead find properties where the owners were willing to owner finance. I could then break the money up by putting a percentage down on multiple properties and rent them out.