This is a follow up to my post How to finance a rental guest unit but since the parameters have changed, I'm starting a fresh post.We are looking at purchasing raw land adjacent to our primary residence, building a house on it and renting out our current residence.

There is limited private raw land for expansion.

Your incoming leads are the raw material of your business - think about how can you monetize every lead.Now, is this all worth doing as a wholesaler in a smaller market?

My question is if I buy a piece of raw land with the intention of hiring my own architect/contractor to build and oversee, am I liable for any injuries that happen on the work site?

Purchasing of the raw land seems to be a bit harder and i feel that with the house i could use it as a rental to help cover the initial mortgage.

The raw list might disparage a person by listing them when they in fact are not responsible for the taxes.Also, a list of properties that are only delinquent and not in a judicial action really has little value to investors looking for motivated sellers as these folks are not motivated until the county is about to sell their property. 

During that time I have sold residences, did 70 fix and flips, sold raw land to housing developers, and built and sold $67 million in townhomes over the last three years.

An area that was designated for townhomes is now foreclosed on.The new developer wants to buy the property subject to getting zoning to put in an apartment complex instead of the town houses.Of course the county says we understand WHY the new buyer wants this but we will not deviate from our vision for the county.So the land sits and rots until the cycle will come back to where a buyer will purchase for that use or the county gives in a little to the developer.It's a tug of war with the counties having huge budget short falls they really want the developments to increase the tax base over raw land assessments but can't deviate too much from the land use plans.Before selling distressed investments land development was all I focused on for commercial development.Determining highest and best use and getting it approved for that use is the hard part.Tweaking engineering and 3-d plans for approval is the easy part.You could sell now to an opportunistic land fund for cash or a developer that wants to purchase and hold.There are also land buyers that own many businesses and like owning land as they can eventually sell off for a profit but put no time into it.If you partner with a developer you can get more for your land but also share some of the expense,risk,and time into the deal.If I could benefit more by receiving cash today and investing it elsewhere that is what I would do.Hope it helps...................................

The govt canceled the leases and auctioned off the cabins, homes, and raw land to the highest bidder.

We are using 100% financing by leveraging raw land we own as collateral.