Should I go ahead and develop the land entirely and risk losing that money? 

BP Community, I’m reaching out because my 13-year-old son has developed a huge interest in real estate, and I’m not sure how to guide him. 

@Nicholas L.What Nicholas said.I would also develop a list of buyers and what their buy boxes are.    

Networking in various real estate associations to develop DEEP relationships is part of this program.2.

@Jordan Sachs This is 100% a state law issue... developed through court cases over time.

You might still make some money...or you might loose just a little while you learn....but I think chances are unless you totally mess things up or every part of the deal goes wrong, you end up with most of your money back....AND you learn and develop some relationships.

There is strong economic development because it is the state capital which drives demand for housing.

It is important to look for locations with strong economic growth, rising demand for housing, employment, vacation and infrastructure developments, as well as properties that offer the potential for value appreciation or steady cash flow.

I would assume that you'd just simply sell each individual lot to the developer at a set lot price such that your cost to purchase the raw land and improve it to buildable lots was worth the proposed profit per lot.  

I would probably refi into a DSCR loan.Aside from a relatively inexperienced builder and the risk of a development that isn't "established" yet, what am I missing?