All Forum Posts by: Jerrod Hill

I’m looking for tips on creative ways to invest in expensive markets like DC.

This is a great example! I am in the process of trying to do it now with a property. Hoping that it works out. 

 The context you provided is super helpful! I've done a lot of research in the last few days. I'm trying to figure out a few things. It'd be helpful to get your insight!

1. Can you finance the buying of land? (can you get extra funds to prepare the land - cut trees down, connect utilties/seweres if necessary, demolish the old home). 

2. How difficult is it to get a construction loan for the build? What would be a good rate?

3. To get a construction loan, you already have to have the blueprints created and approved for the house. Do you have to pay out of pocket for the design and approval? 

4. Sounds like this is a long process. After the initial steps, do you buy the land outright? Or do you hold it under contract and wait for the city to approve your building plans. 

I'm looking at building a 4 unit multifamily. Becoming a developer sounds very interesting. And it seems like a lot of people avoid doing the full process, which intrigues me even more. A ton of wholesalers and flippers, but not a lot of developers. 

I have been doing a ton of research. I'm looking for land in Cincinnati, OH. I'm trying to understand a few things: 

1. How do I find land (realtor, auditor site, sheriff)

2. Who do I contact to evaluate land (surveyor, engineer, etc)

3. how do I finance the land. Do I include this in my mortgage for the entire project

4. how do I develop the land if it has trees or other things

5. does it make sense to demolish a old house. If yes, what should I keep in mind

These are some of the things I'm thinking about. 

Which option did you choose? I debating a demolish and rebuild myself. 

@Remington Lyman I'm looking for land in Cincinnati and Columbus. Trying to price out the building process. 

This sounds very great. I'm trying to do something similar but at a FAR lower scale....build a 4 unit multifamily with 3 bedroom/2 bath in each. Trying to learn the process with this and hopefully can scale up. Looking in Ohio. Found a designer/architect for the building, have a builder....now I'm trying to understand the land buying process. Any tips would be great. 

I have been researching into building a home from scratch. I haven't been able to find good podcast or resources on here that discuss this topic. I understand the design and build part, but I don't know where to start when it comes to buying the land. I read some high level tips, but I'm trying to understand it more intimately. Any tips are welcome. I'm looking in Ohio as of right now, but open to KY and IN. Things I'm trying to understand:

1. The buying process (do I get a realtor or go through the city)

2. Things to look out for when buying (i.e. size, elevation, topography, zoning)

3. If there are trees and etc on the land...what is the process of clearing this off

3a. Are there land developers that I should research

4. How do I value land and get a good price

5. How long does this take

@Zeke Liston been looking at Cincinnati and Columbus. Looking at multi families in particular. Was looking at turn key properties but also thinking about doing a new build if possible. Looking to get an owner occupied first and then buy an investment one.

Same! From ohio and looking to invest.