Updated almost 5 years ago on .
Looking to redevelop my property
We are currently looking to redevelop our property we have the opportunity to build three store fronts a large restaurant/bar and about 30 apartments. We are currently considering going with a contractor that does everything including marketing and managing the entire project for a 70/30 split. We are also considering getting hard money to pay for the entire project ourselves, using a different contractor that manages the project, but has nothing to do with marketing, renting, or management, then paying back the lender when we refinance. Lastly we were wondering if we should/could borrow the money to pay off our current mortgage, use the managing contractor and pay off the loan when we get paid for the land at the refinance.