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Matt T.
  • Investor
  • Pensacola, FL
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Subdividing lots near Pensacola, Fl

Matt T.
  • Investor
  • Pensacola, FL
Posted Jul 26 2015, 13:40

I'm Interested buying several lots ranging from 1-4 acres for a total of 12.97 acres. Many of the lots have things that would need to be removed like septic tanks, oil tanks, trailers, house etc. None of which I really see as salvageable. I was thinking I could clean up the lots get them sub divided and ether build a neighborhood that could have 15-75 SFH built or an apartment complex on them. This looks like it would involve having 1 or 2 county road build as part of the sub division. Not sure whether I would hand off to a builder or what after that. I already own 5 houses as a buy and hold investor 4 of which are in this area. I am aware this could be a several year project. But I think it would be worth it.

My goal for this are:

-Effectively clean up area and improve the neighboring area

-Make some money by packaging a SFH or multifamily apartment complex/development

Here are a few questions

Who would I talk to about re subdividing? Civil engineering firm?

Would it be best go it alone or partner with someone?

How would to determine to just do the packaging or go all the way with the building?

How do you check whether it is more feasible to go apartment or SFH?

I think I remember a podcast on this anyone remember?

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