13 Acre Land development inside city limits

[Naor Biringer]

Investment Info:

Other commercial investment investment.

This is a Land development deal, I cannot yet discuss the financial details because this deal is not completed .
I bought this 13 Acre Lot and divided it to 12 buildable lots. It has a long living pond in the center of it, which I plan to declare as nature reserve and install a walking trail.

What made you interested in investing in this type of deal?

minimum liability

How did you find this deal and how did you negotiate it?

of the MLS

How did you finance this deal?

50% equity partners
50% private Banks

How did you add value to the deal?

subdivide to smaller tracts, bring building plans to city council

What was the outcome?

its not complete

Lessons learned? Challenges?

working with equity partners through project based JV, Land is GOLD

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

yes , I always recommend working with a realtor.
and I recommend using local community banks.