For their three-year, 12% option they give an example of a $1M investment with the following preferred returns:- Without compounding: $360,328.77- With compounding: $431,237.45Taking 12% disbursements over 3 years on $1M would be $120,000 per year, or $360,000 over 3 years.

You have options!

Seems to me my options are...SELL - If I were to put it on the market I think I could reasonably get $2.8M - $3M, but at a 2.9M sale price my return on my initial investment is only 38%, or 7.6% a year over the 5 years.

Look into local tax incentives and financing options, and reach out to local real estate groups or mentors to better understand the market.Good luck!

.), so I'm seeing what other options there may be. 

Let me know if you are interested in discussing this option!

However, if you want long-term stability and predictable payments, refinancing might be a better option, especially for larger projects.

I selected Lewiston for the post as I didn't see an Augusta option, but I do work all over the state.It was my family's property management business that brought me to Maine and sparked my interest in and passion for helping investors achieve their goals. 

The best option would likely be a construction loan, which can cover both the purchase of the land and the build.

it is not user friendly at all.