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.

So, I have not done anything in Waco but from our experience in Bryan/CollegeStation, places near university bus stops and being abreast on what thecommunity is investing in as far as development tend to be better areas andhelp with appreciation.Again, I'm notperfect and still trying to navigate the markets and always trying to learn myself!