First Development Deal
So myself and my partners are currently in the market for what we planned to be our first single family buy and hold rental. Our plan was to acquire 2 or 3 single family homes then make the leap to developing bigger commercial projects from raw land with a proven history in real estate investing. Has anyone ever closed on vacant land or a property and demolished it to direct a larger commercial development project for their first deal? I know I may sound ambitious, but I know everyone on this forum has to have big dreams and vision otherwise you wouldn't be interested in real estate investing at all. Everyone wants the hotel in Monopoly not the four houses.