Updated over 3 years ago on . Most recent reply
I want to be a developer
The margins don’t make make sense anymore for me buying single families. Everyone is overpaying in my opinion. I want to buy the land and build 6-10 homes in a community. Anyone here looking to do the same thing?
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#2 Contractors Contributor
- Severna Park, MD
You better have deep pockets . You need to buy the land , hire an engineer to subdivide , hire someone to clear , install water and sewer , roads , curbs and sidewalks . Depending on your area this could take 1 year , or 10 years . When you are almost done , neighbors will challenge the project and you spend a year in court plus fees . Dont forget the political donations you may have to make to get things done .
10 plus lots , you are in competition with long time players . Who already know the game .
Look for single lots , fast and simple