Some would pay billions to have the time you have.I would lean heavily into the marketing experience you’re developing.

I am curious how the current leadership will manage the lands, development, etc. and have some genuine concerns.

I've dabbled in the new construction space here in Chicago and there is A LOT that goes into it...I'd highly suggest spending some 1:1 time networking with some other investors like @Jennie Berger or @Prashanth Mahakali who are both Chicago developersYou make your money with the land purchase and then systems/processes/volume over time in the development game, but it's not easy and competition is high!

Hi,I'm selling ~ 1/2 of an acre of land for residential development in a beautiful, gated community called La Enmorada.

Ithaca is like another planet.STRENGTHS-  appreciation is pretty much guaranteed, no matter how crummy your property is-  student housing isn't restricted, they'll live anywhere-  having an ivy league school means there's a lot of money flying around-  rent is high-  tons of development and growth going on-   strong STR performance outside the city properWEAKNESSES-  almost absurdly high prices-  similarly absurdly low cap rates-  pesky annual inspections required on multifamily properties-  most deals happen behind closed doors, and agents tend to be very unhelpful-  5-7% cap rates typical, sometimes lowerSummary: Ithaca is a great market to park your money in and wait.

Appreciation and Growth: Sacramento has seen around an estimated 256% growth in terms of median household value, with large developments planned and in progress in suburbs such as Roseville, Elk Grove, and Folsom.My team and I at Hardin Realty & Property Management specialize in helping investors in the greater Sacramento area.

Alternatively you could explore a fully pre approved loan commitment to present to the developer and likely still negotiate aggressively.

@Anna Laud was correct anything in real estate is built on the relationships you develop because someone usually has either the product or answers to what you are looking for.

Commercial multi family is dominated by apartment developments filled with amenities and rents that were the first to reach the top of the market and the first to see rent decreases. 12 unit compares well to 3/4 unit buildings with some operational efficiencies. 

Purchase price: $726,000 Cash invested: $1,300,000 Sale price: $4,500,000 We are developing a 4 story a luxury Duplex on Indian Rocks Beach FL.