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Updated over 6 years ago on . Most recent reply

User Stats

3
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Jennifer Chau
  • Residential Real Estate Broker
1
Votes |
3
Posts

What's the best way to fund raise for development projects?

Jennifer Chau
  • Residential Real Estate Broker
Posted

Hard money is best at a year or less so what's the best way to get "hard money" for a purchase that will take over a year to subdivide? The potential for profit is there in just the sale of the lots alone but even better if you can pre-sale them and do the build as well. I am a realtor and my husband is a general contractor and I have partitioned properties for us before so I know the process and can do much of the work for the subdivision process and he can build homes that we would pre-sale. Any suggestions or advice from someone who has done a project like this before? 

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