How would you handle this development deal?

[John Higgins]

Hi everyone. Long time reader here.

There is a busy road with 8 single family houses. The area, once out of the way, has grown into a hot new area of town.

The land where these homes sit, is now becoming prime retail/office space. All of the homeowners would need to sell to make it work.

Obviously there's the option of buying the properties up one at a time and playing a waiting game but not interested in that.

I am developing a plan but obviously need to lock down the homes before putting too much time and money into the project.

How would you approach this deal?

Thanks for your advice.