Agricultural land and property suitable for residential development seem like safe options to me.

To me it seems way less intimidating to think about becoming a real estate developer in those communities rather than LA, SF, Miami, NYC, etc. 

💹*Reminder- The Pearl Development is predicted to create over 11,000 jobs in Mecklenburg County within the next 10 years & will be both a medical education institution and an international headquarters. 

I’m passionate about the development and redevelopment of these assets.I come from a background as a commercial wholesaler and have worked with respected groups like Sands Investment Group, Hudson Edge LLC, and Vail Commercial during my time in wholesaling.

Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont? 

They changed the zoning map to make every side street RS-3 so these developers are just taking 2-4 units in non-conforming status and by right making it a SFH. 

we are working on a subdivision development and entitlement in columbus you could help out on 

I'm a part-time CFO (Chief Financial Officer) for real estate developers across the country, most of whom are trying to give back to their communities through their real estate development skills.I'm also a former Director of Lending for a CDFI that lent money to local developers rebuilding LMI and under invested communities. 

Hi all -- I've identified a piece of property that I would like to develop into mostly residential homes, with some townhomes/multifamily.

A third consideration is that FHA has rules for limiting rentals in developments.