All Forum Posts by: Antwain Peterson

@Joshua Stewart and @Danny Kay sorry for the delayed response. Thank you very much for your feedback and advice! It means a lot to reach out and get advice to not reinvent the wheel.

@Greg Dickerson this is such a wealth of knowledge already! I look forward to more discussions with you on this project.

Good afternoon,

I’m new to Developement and real estate investing and am excited to seek feedback and guidance on a small developement project the I am working on with a few other investors.

We bought some vacant contiguous lots and would like to put 16 single family homes and 3 townhomes. For starters we need to get the land rezoned to a planned residential zoning for smaller lots. We have gotten as far as having the lot plan done, but now I need some advice on the next step(s). What do we need to present to the city, when do we seek financing and what do we need to have, etc. Any help would be greatly appreciated.

Thank you in advance!

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Please send it to me to review. Thank you.

Thanks for the feedback.  We are in the process of setting up a meeting next week with planing and development.  We have a concept plan ready to present.  We are thinking the next step if approved is to get the engineering plans drawn up for quotes.  However that would have a cost associated with it.  We didn’t know if it was out of the norm to start to speak with the bank/lenders before putting any more money up.

Hello all! Myself and my partners bought some contiguous lots. We have a concept plan to develop 16 Charleston style single family homes and one triplex. We will need to re zone the lots and get the land ready to build. At what point do we start talking with the bank for a construction loan or line of credit and what will the bank be looking for from us? Any help would be greatly appreciated.

Man this is good stuff!  I'm just learning from everyone.  Thank you all.  Sorry I didn't have any advice but definitely learned a lot from everyone's input.

Great post!  Thanks for the insight and congrats on your 4000 post!  Look forward to learning more from you all!

Thanks buddy i appreciate your message!  Will do!