Van Nuys, CA · Member since 2014 · 1 post · 0 votes
Hello everyone,
I need some advice....I have a 11,000 square foot lot that allows subdivision and up to 5 separate properties. My vision is to build five town homes and sell each one separately. The one thing needed is funding to be able to accomplish this. I've done research and the property is good in regards to regulations,etc.... How can i go about funding something like this? How can I get in front of someone who has the funding necessary for doing something like this? thanks for the advice.
Many years ago when I was in sales, I was listening to one of the sales "Gurus", I forget which one, but fortunately, I didn't pay for the tape. The advice was, "if you don't know where to start, throw a rock in the air, and wherever it lands, the next person by the rock, say 'your the first person by the rock'" OWTTE.
The point, of course, is that you need to start. It will be messy, ugly, wrong, and you'll feel like you messed it up. As Yoda says "Start you must"
I'd start with builders and find out who finances them, Maybe partner with a builder. Check out Mortgage brokers that fund building loans. Maybe look in the Marketplace section of BiggerPockets.