Real Estate Development Land Purchase
Hi BP, I was trying to explain real estate development to a gentlemen who is interested in getting "in the game". I was explaining how I structure the purchase of land into deals and how I go about it. It got me thinking of the question, how are other developers structuring their land purchases for development?
To better define a scenario, you find a piece of land you want to develop and build. You need to go through entitlements and the land needs to be a traditional purchase (no seller carry). Are you buying it with all cash? Get a land loan? Wrapping it into a construction loan? Etc...
Just curious what others are doing during this time in the market. Not looking for lenders or "secrets" just wanted see how others are doing it. Cheers!