Lots of enthusiasm, but no commitment.

[Thomas Mundinger]

I have contracted a property that has great numbers. It is a mobile home on five acres in Raleigh, NC market. The planning dept., soil tests, and DOT have green-lighted a minor subdivision, with a major to follow, for a total of six parcels. I have a letter of commitment for purchase of the existing house at 130k and a national builder that's wants the five remaining lots at 33k each. The acquisition price is 230k. I can make about 40k for each lot I build on. I have received a huge amount of interest and offers to fund, but before getting into specifics they either ghost or made an excuse to back away. The numbers seem solid, even if I sold everything and didn't develop there is 60k gross, enough to pay hard money and move on. Am I missing something, is there a red flag I'm not seeing? Any input is greatly appreciated.