Start by deepening your understanding of CRE fundamentals, including net operating income (NOI), cap rates, and lease structures like triple net (NNN).

I’d also recommend getting a few quotes, including at least one from a mortgage broker.  

We purchased 133.7 acres January 20th of 2024, we then proceeded to subdivide 4 building lots, ( two 10 acre lots,  and two 2 acre lots)  which included costs associated with septic testing,  survey & subdivision, and property maintenence required to market the building lots.

Secondarily, if I had a buyer for the land before I close, could I structure the purchase to include them without doing a wholesale deal?

Unlike refinancing, which involves taking out a new loan, recasting keeps your existing loan terms—including your interest rate and loan duration—intact.

We'll double check that wind is included in our policy, that's a good point.

The total cost including construction and permits (but excluding the land) comes to about $2.14 million.

You will need probably 20% of total cost (Not including financing costs. 80% LTC) as the down payment.

If you're looking for cash flowing markets.. a lot of investors, including myself, are looking in cities like Cleveland.

Quote from @Yaroslav Shtogun: Hello Community,I am seeking advice on the following real estate situation:I’m in the process of purchasing a double lot property (100x100 in an RS-50 zone) that includes a 1,200 sqft wood-frame house and a 640 sqft detached garage.