Updated almost 2 years ago on . Most recent reply
Investor financing / support option
Curious if anyone has ever heard or done something hypotethetical like this:
Currently own a home in a very gentrified area. Very valuable area near the city where land is worth a lot. Lots of townhouses popping up.
but don't have a ton of reachable cash.
Thinking of approaching investors in hopes of the following.
1) investor pays for demo of my current home + build of new townhouse. All while I continue to own the land. Once built and sold investor takes x% of seller profits and i take rest of profits.
goal to maximize on profit as a town home brand new is worth a lot more than what currently is there (100 year home).