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Updated almost 8 years ago on . Most recent reply

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15
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0
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Jeremy Long
  • Smithfield, PA
0
Votes |
15
Posts

Here's a weird one: residential development

Jeremy Long
  • Smithfield, PA
Posted

Hey BP, I stumbled upon a 60 + acre plot. 

Here's the crazy part. I know the owner personally and they are willing to finance a residential flip if I can come up with a legitimate business model. The biggest contingency is that we have buyers up front for the land if we are going to start construction making the land resident worthy. It's in a great location I just don't know my first steps in getting interested buyers. And presenting a business proposal to potential buyers and the owner.

I need to create a plan to the potential investors in the area, which I have contacts for, but I need to come to them very professional insights and comps and information that will make them see that it is a great investment to buy lots and build houses on this land.

Has anybody done something like this and have any advice?

Thanks so much!

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