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Updated about 10 years ago on . Most recent reply

User Stats

56
Posts
16
Votes
Matt T.
  • Investor
  • Pensacola, FL
16
Votes |
56
Posts

Subdividing lots near Pensacola, Fl

Matt T.
  • Investor
  • Pensacola, FL
Posted

I'm Interested buying several lots ranging from 1-4 acres for a total of 12.97 acres. Many of the lots have things that would need to be removed like septic tanks, oil tanks, trailers, house etc. None of which I really see as salvageable. I was thinking I could clean up the lots get them sub divided and ether build a neighborhood that could have 15-75 SFH built or an apartment complex on them. This looks like it would involve having 1 or 2 county road build as part of the sub division. Not sure whether I would hand off to a builder or what after that. I already own 5 houses as a buy and hold investor 4 of which are in this area. I am aware this could be a several year project. But I think it would be worth it.

My goal for this are:

-Effectively clean up area and improve the neighboring area

-Make some money by packaging a SFH or multifamily apartment complex/development

Here are a few questions

Who would I talk to about re subdividing? Civil engineering firm?

Would it be best go it alone or partner with someone?

How would to determine to just do the packaging or go all the way with the building?

How do you check whether it is more feasible to go apartment or SFH?

I think I remember a podcast on this anyone remember?

Most Popular Reply

User Stats

44,066
Posts
65,121
Votes
Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
65,121
Votes |
44,066
Posts
Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
Replied

@Matt T.

  for free waltz into the planning department and speak with a planner... either over the counter or if they will set an appointment... this will give you a heads up on what is permissible use... once you think its still doable.. then go see a good land planning firm that may also have a civil with it.  Hire them to do a feasablity study  usually 3 to 5k.. and then if it looks good you can start down the path they lay out for you.

Any specific information on BP will just be ramdom hearsay you need to talk to the people in charge of the area.. each municipality or county is different one size does not fit all.

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JLH Capital Partners

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