Out here in the west its simply impossible to build anything that will sell for much less than 500k when your lots start at 100k to 200k each then permits are 30 to 75k each.. then you build the home thats the reality.. only way fed helps there is to buy private land and subsidize or turn federal lands into developments. the one market that would work is VEGAS as its surrounded by federal land.And from what I see in west coast the regional builders are back to pumping out spec homes as fast as they were pre GFC..

Commercial real estate offers many exciting opportunities, from brokerage to development, acquisitions, and even REITs.

I want to be able to borrow against this somehow to give me capital to work on some other development plans that I have.Anyone have any advice on how best to pursue this?

I've been in software development for over 15 years and leaving the 9-5 to stay home with our son.

I see the rentals as wealth building and flipping/development as a job (with ordinary tax structure).

The mainland, near the Speedway, has experienced some explosive growth due to the new One Daytona development and the Speedway expansion/renovations.

For a cash-out refinance on a vacant lot, finding traditional lenders can be a bit tricky as most focus on developed properties.

I suggest you look into commercial lending, to learn about it before you require it, and start looking for people in the lending space who can assist you as you move forward and with whom you can develop relationships.You now have mad skills and experience doing the whole demo and rebuild, and if you can repeat a few times, your one deal enables you to add a couple others.  

@Natalie Johnstone My former employer who was a privately traded company that owned over a billion dollars of real estate and had an ancillary management business with revenues that exceeded $100M annually would sometimes form entities in Delaware because business cases are tried in front of a judge w/o a Jury and case law that's applied to decisions is very well developed in the State.

That way you get a speculation/development piece, a cashflow piece of real estate, and don't pay any tax.