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All Forum Posts by: Matthew Clanton

Matthew Clanton has started 1 posts and replied 6 times.

@John Woodrich

I see. Alright then, I’ll keep al this in mind going forward and continue looking for ways to monetize the land. Thanks for the great input, sir. 🇺🇸

@John Woodrich

Man, that’s all great advice, and things for me to look into/keep in mind. Thank you! I would most definitely have to partner with someone, as I have never done anything like this. The completed homes would most likely be valued at 200-220k. That’s one of the things that I keep thinking about, is how do I get all these numbers down for everything required, and see if it all makes sense? There seems to be so much you have to put into it. How does anyone make money developing? Thanks again!

@Paul Dauffenbach

Awesome. Thank you for your input and information shared! It’s interesting to hear someone else’s experience and how you’re working through it. I’ll certainly use what you’ve told me and press on! Thanks again, and I wish you the best with your project, sir!

@Greg Dickerson

Thank you for the help. I sincerely appreciate it. Yes, I am looking to hold the homes and rent. I will start with the city as you stated, and work on getting quotes from there!

Hi all, and thank you in advance for the great information that will be provided.

I have the opportunity to purchase 7 acres off of a busy highway in NC for a very low price. (Zoned residential) In a perfect world, I would like to subdivide and place 4-5 SFH's on the land.

The homes on the road are on septic and have wells. Any help on how to start would be greatly appreciated. I’d like to use hard/private money to fund the deal, but have no idea how to structure it, or what all I need to consider beyond surveyors, contractors and well drillers.

Do you work this like a cash-out refi once complete?

Post: Is it a good idea to purchase a duplex with existing tenants?

Matthew ClantonPosted
  • Lender
  • Charlotte, NC
  • Posts 6
  • Votes 2

@Charles Carillo

How do you check with the state to see whether they have been evicted before?