Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 hours ago on . Most recent reply

User Stats

5
Posts
6
Votes
Benjamin Lingo
6
Votes |
5
Posts

Raw land acquisition funding advice

Benjamin Lingo
Posted

I’m looking for advice on funding and or partners in the Ohio market. Ive done some exploring of different options for funding specific properties in Ohio but with little experience in real estate I could use some help. I have a degree in civil engineering and 15 years construction, site development, and short term rental experience and am looking to shift my focus/career towards real estate development, mainly raw land although if there were a house on the property could include fix and flip.

I plan to purchase 50+ acres of raw land with 1000+ feet of road frontage, have it surveyed and split into separate 5+ acre parcels for re-listing. I would make improvements to the property only when doing so would cost less than the value added to the property. Examples could include but are not limited to installing new/ improving driveways, clearing overgrown trails/ build sites, demolishing abandoned buildings, property cleanup, extending or having utilities pre-approved, etc.

Any advice or recommendations for funding, mentoring, partners, real estate brokers or attorneys would be most appreciated.

Most Popular Reply

User Stats

42,641
Posts
62,773
Votes
Jay Hinrichs
Professional Services
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
62,773
Votes |
42,641
Posts
Jay Hinrichs
Professional Services
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
Quote from @Remington Lyman:
Quote from @Benjamin Lingo:

I’m looking for advice on funding and or partners in the Ohio market. Ive done some exploring of different options for funding specific properties in Ohio but with little experience in real estate I could use some help. I have a degree in civil engineering and 15 years construction, site development, and short term rental experience and am looking to shift my focus/career towards real estate development, mainly raw land although if there were a house on the property could include fix and flip.

I plan to purchase 50+ acres of raw land with 1000+ feet of road frontage, have it surveyed and split into separate 5+ acre parcels for re-listing. I would make improvements to the property only when doing so would cost less than the value added to the property. Examples could include but are not limited to installing new/ improving driveways, clearing overgrown trails/ build sites, demolishing abandoned buildings, property cleanup, extending or having utilities pre-approved, etc.

Any advice or recommendations for funding, mentoring, partners, real estate brokers or attorneys would be most appreciated.


 I would recommend joining ULI (Urban Land Institute) They have a network of people that can provide exactly what you are looking for


Remington is it just ULI dot com ? I would like to check that out as I have gotten into land funding and pre development funding the past 24 months and really love it.
business profile image
JLH Capital Partners

Loading replies...