Questions about tear down and rebuilds...

[Jeff Hall]

Hi Everyone, 

I've been doing my due diligence in getting ready to start flipping houses and doing rentals...but I've come across an opportunity to buy numerous foreclosed homes over time that are sitting on land that is zoned for two properties. My plan with my two partners (two real estate lawyers) is to tear down the houses and build two shotgun homes on the lot. 

I'm just wondering if anyone knows of any literature they can refer me to about to do this. I have no doubt I'll figure it out over time, but I'd love to be made aware of costs, issues and other scenarios to keep in mind while I'm working through this. What is the best way to finance...All private money? Hard money? Construction loans? Or a combination? Any advice would be much appreciated!

I already have some private money as well as some hard money...and so, of course, I'm also looking for other investors who are interested in having consistent money coming in from multiple high end contracts at a time.

Thanks for reading everyone!

Best,

Jeff