Started with a condo in construction, sold it when done and bought a beach land, sold the beach lend and bought 2 rental townhouses for rental in Greenville.

I have dozens of clients doing this in New Jersey most of which come from no construction background, they simply use preferred vendors we have in place (not GC's) which lowers renovations cost because there is no middle man. 

I’ve been an electrician for 10 years now, so I have a construction management background. 

I plan to put two duplexes on the property but with this high appraisal is there a smarter thing to do to pull that money out of it or just use it for better collateral for the construction loan most banks will lend on the transfer price within a seasoning period. we face the same issues for land entitlement and development.

I know from experience financing additional tiny homes (not sure if you're looking to do this) can be difficult without having someone that has previous ground-up construction experience.

Lots of new construction near the North Lib/ Fishtown area, so that market is currently saturated.

Quote from @Chris Seveney: Quote from @Juan Vargas: I have a new construction that has been sitting on market for some time.

Do you have a background or any experience, or reliable contacts in construction or development?

These areas offer a mix of renovated bungalows, new construction, and industrial conversions, with increased demand from young professionals.

It’s crucial to stay disciplined here, as overspending on land can limit the funds available for construction and other expenses.Development Scale: I’d recommend avoiding developments in the range of 4-50 units unless you have a very specific reason.