Next Steps for Newbie Developer

[Charles Burgess]

Hi everyone.  So like the majority of investors right now, it has hard for me to find cash flowing rentals due to appreciation + high interest rates.  Therefore, my wife and I have decided to simply build our own properties to rent or sell.  I've found a lot that fits our needs, but now I need to "walk the land".  The question for the BP community is: what should I look for when I visit the site?  

Also, I would gladly compensate more experienced developers to visit the site with me for input.  Thanks in advance for any feedback. 

[Angie Castro]

Hey Charles! I'm a local realtor and builder. Walking the land comes AFTER making sure the land is buildable. You need to check for setbacks, frontage, lot size, elevations, and flood zones. Once you have gone through the UDO and made sure the land is buildable. You will then go to visit the site and see that there is anything you could have missed like debris on the site. I have lost a couple of good deals because they used the land as a construction debris dump and now the land can not be built on. When you walk the lot also keep in mind where the water comes and goes through. 

I don't think is impossible to find buildable land in Charlotte and surrounding areas. As a matter fact, good deals go live everyday and sell within 48 hours. It's doable you just need to know exactly what you are looking for and jump at the opportunity when it comes. Also you need a good GC that has competitive pricing and that has actually built homes before.