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All Forum Posts by: Deanna Hubert

Deanna Hubert has started 1 posts and replied 3 times.

Post: How I Structure Land Development Deals

Deanna HubertPosted
  • Investor
  • Bonney Lake, WA
  • Posts 3
  • Votes 0

Great post.  I own a 5 acre tract of land, the subdivision has been approved  with 19 lots, it is currently zoned R-1, I am in the process of rezoning to R-2, and will have all the entitlements by FEB/Mar with the approved subdivision construction plan.  I need financing to complete the infrastructure, then to build the duplexes- any recommendation is appreciated.  Thanks.

The property is located in Post Falls Idaho.  Yes, i have built 5 homes in the past, however it has been a while.  That being said, the property is paid for but the infrastructure will cost between 550-600K to put in.  The lots will be work 65000 each if the zoning change is not granted.  If the zoning is granted then the lots will be worth 85+.  I do not have a bunch of money....   There already is a home on the property that we rent monthly, again  paid for.  The best bang for the buck is to keep the property and develop myself but i don't know that i can pull that off with the amount of $$$ needed.

Should i try to sell the property prior to putting the infrastructure in or pay to have the infrastructure put in, then hire a contractor to build the duplexes to either sell or keep for rental income?