Residential Real Estate Development

[Jason Tobkin]

I’m eying a 5 acre property that has an existing home currently in the lot. It’s located in an excellent spot backing an popular bike path, in a good public school system, and close to popular parks and recreation.

I’ve got a few different ideas for the property but I’m really just not sure where to start. I do have some knowledge of the process of developing land as I work for a commercial general contractor in the area and I’m also a residential real estate agent so I feel like I have many pieces of the overall puzzle but can see the full picture yet.

Any particular advice on where to start?

Thoughts on financing the project?

Thanks in advance.

Jason