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Updated 12 months ago,
Land Development Opportunity Advice Wanted
Here is the scoop. I have an opportunity to purchase class c land from my in-laws. It would be a deferred payment to them after 5-7 years. It is 2.32 AC and in a prime location in the fastest growing city in Iowa. I have no experience in land development, however my business partner does. They are wanting a premium price for the land.
1. How much value would getting a site approval plan add?
2. If we took the project the distance.. The project would be quite large in value, which I don’t have the financing or business history for. Is it a better idea to partner with a developer or raise capital? Thanks in advance.