I’m a new person to doing land deals but would like to learn more.
I have 10 acres available that is in a very good area, ready to go in and get it approved by the county to subdivide into 8 or 9 1 acre lots.
I don’t have a lot of free cash right now and am looking for any options that I have to finance the deal.
The deal is less than 500K. The land, after development, will be worth approx. 1.4 million if I do the development myself or to flip would be worth a little less than a million, given the going rates in the area.
Anybody have any ideas? I think I need to move fast on this.