A beginner with an opportunity to develop a small subdivision
Hello,
First, my experience in real estate is currently limited to a couple of rental properties. So I consider myself a beginner.
I have an opportunity where an old friend of the family, in his late 80s, had started to develop a 9 lot subdivision. He cleared the property and had an engineer draw up plans, but then decided he was too old to start a new project. He offered the land to me at cost, along with his counsel.
I also have a connection to a local contractor with a good reputation, a positive history of partnering with investors, and knowledge of the area.
I'm cautiously optimistic, but I realize that I'm ignorant. I am already seeking out experienced advisers that can help me evaluate and plan.
However, what resources do you recommend? Are there books, videos, blogs, etc?