We have an acre-plus skill located in the heart of Atlanta, with the good perspective of the city. Atlanta’s experiencing the critical genuine estate bang with most transplants relocating to the metro area (downtown, midtown, etc). The skill is paid for — as well as it’s nearby the ball stadium, the Zoo, downtown, etc. It would have for good townhomes. We simply do not have the material to have it happen. Nor, do we simply wish to sell it to an financier who’ll spin around as well as have the milliond dollars or some-more — whilst we travel divided with hardly the fragment of that. Real estate brokers discuss it us it’s value the lot though the offers have been hardly $200K. Is it probable to partner with the developer as well as separate the profits? Will banks deposit in which sort of try if we do not have the material to behind it up? Does any the single have any knowledge or recommendation upon how the single could show off the distinction upon such the prohibited property?
How to Invest Money to Make Maximum Profits
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{ 2 comments }
advertise for rehab investors.
fact is an investor is an investor and if an investor makes more than the fraction that you are making it is simply fact that that is why its called “investing”.
If you can lease the property or leverage the property to finance your own rehabe venture, then you would be come that million dollar earning investor in your own interests.
Partnering is a matter of your negotiations; as yourself this – If I we to invest in something how and why would I want to split the profits?
Your “collateral” for lending would be the property itself if the value is there.
Realtors are ppl too and if a Realtor has the notion that its “worth alot” but can not or will not consider “putting it in writing” then the credibility of that “opinion” is merely just an opinion. Suffice it to say if a Professional is putting it in writing, there may be “consideration” neccessary for the constructive notice consideration.
My suggestion as a start are to:
1. Establish Market Valuation of your property in writing
2. Take that Market Valuation to a cooperative lender.
3. Seek the assistance of a cooperative Land Developer.
4. Establish all agreements in wrting with the assistance of your attorney.
The rest is business consideration. Accounting, etc.
Don’t sell it, you guys should take you time and do your homework and extensive research of the building industry.
My husband is getting his degree in construction management and is looking for land to start building on.
You guys have the land, but no experience and resources, but those can be gain through extensive research.
Search for GA association of real estate investors, they have monthly meetings open to all, you might be able to pick someone’s brain or find an investor there.
Get a loan and start building in small phases.
Hire a general contractor (www.kudzu.com) for help.
But when you start building make sure the closets are big, the bedrooms are big and the townhome has a 2 car garage. I am sick and tired of atlanta builders(especially those intown) putting up matchstick boxes and callling them townhomes.
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