They should also have proposed or preliminary site plans approved for the remainder of the development.

Hi BiggerPockets Community,I’m Josh, 26 years old, current project manager and aspiring asset manager diving into a new venture that I’m excited to share.

Development is a fun and frustrating venture, but Real Estate is still a good place to find a win.  

Your expertise and advice would be invaluable as I begin this exciting venture. 

To create a rural development offering affordable acreages homes, each with multiple acres, where owner’s may have animals and space to grow their own food.

To create a rural development offering affordable acreages homes, each with multiple acres, where owner’s may have animals and space to grow their own food.

Does anyone know, or have a good idea, about the difference in returns on entitling & developing the land for each scenario, with final objective to sell to a builder to build and sell the structures him/herself.  

Although I will venture north if need be.

Out of these areas, Franklinton and Linden are seeing some of the most developments.

While more development did happen over the last few years from development projects started in 2021 and 2022 when rates were lower and developers could outlast supply chain issues, the upcoming supply is expected to drop again, as we will discuss later on, with the relatively sharp rise in interest rates that has dried up investment capital due to the fear in the market, sellers opting to hold out on their land and or properties until cap rates and interest rates subside again as is expected in the coming years, as well as banks being cautious to lend on real estate due to this sharp rise putting many projects that were started in 2021 suffer greatly from a 7x increase in rates over the following 40 months that had adjustable rates or 5-year terms which is very common in larger multifamily investing.