I was just there for a business trip and found SLC to be booming in terms of economic development, entrepreneurs and more but haven't done any real RE diligence

Hope things continue to develop well and best of luck. 

Investing in developing countries is exciting but it's usually very hard and expensive to find financing for these projects.

The single family renovation is financed by a different lender than the larger development parcels.

Hopefully you did not pay too much for the dirt. 1 acre is optimal these days because of desired double to triple drive thru for QSR.It can become a problem because if they make the building smaller you get less rent but they do more sales.Example a QSR used to be 3,000 to 4,000 sq ft but now instead wants double drive thru's as not many go inside for fast food like pre-covid.If you get 1,000 a foot less at 30 a foot you just lost 30k NOI and now at 5 cap example paying all cash NNN once developed you have lost 600k value.It can fine as long as you do not overpay for the land.

Hi everyone, I'm interested in land development in Philadelphia and have a few questions.

The population is growing, job market is growing, and so many major companies moving and developing out here like Intel, Google, Meta, Amazon, etc. 

V.G> the issue with this area Lee county.. has a lot to do with supply.. in the early 50s developers put in literally 500k lots. 

Palmetto Beach has potential, close to downtown with lots of development.

My background is in software development, artificial intelligence, and research.Thanks for taking the time to read,Mitch