All Forum Posts by: Account Closed

@Jay Hinrichs copy that and thank you. I am a small fry peering into the world of whales.

I forgot to mention/ ask, what all type of facts and data should I collect for the purpose of wholesaling or presenting to a partner, in regard to a vacant lot. Zoning, setbacks, density, height restrictions, and so on? Maybe that is where I am going down rabbit trails and over complicating this? My thoughts are that I needed to have data to present to someone in the likeness of wholesaling a house with estimated repairs and market values.

Thanks all. I will see about reaching out to a contact I have in the city offices for details and the proper contact. However, before doing that, it appears that I may need to table this idea. As @Jay Hinrichs speculated correctly in that I am quite green. That said, I feel I need to start somewhere. I may be starting to research one of the toughest venues with no experience and limited network and limited capital... I feel I need to start somewhere though. I drive by these opportunities every day, twice a day.

I will say that one of these lots is off the market so to say. There is an FSBO sign laying down in the tall grass. The county records show that this is now held in a trust after a deed transfer a handful of years ago. A thought was to wholesale the lot, but that is likewise a no experience venue for me. (I did just start reading "If you can't wholesale after this".) However, my thoughts progress from there, "Why can't I have something built myself?".

I have identified 2 separate lots in Marysville Washington (Snohomish County) that are bare and undeveloped. I have not contacted the respective owners (yet). My vision is to develop/ build and have multifamily structures built based on the size of the lot as I see it. (One lot could potentially be commercial/ mixed use due to the proximity of an existing mixed use.) However, I cannot tell what can be built on either lot/ what they are zoned for. One of the lots states undeveloped vacant land and the other states that it is an SFR despite the dwelling having been demolished.

Besides the fact that I need to mail off letters to the owners on record, where do I start for determining the dwelling size and type that could be built? I feel that I should know these things in order to seek finance and outline budget as well as exit strategy (or hold).

@Alex Hake, I sent you a (connect) message. The area you are in is my home area and is of interest to me, even at a distance.

Interested.

Also interested.