You Could Go To Town With This Opportunity

Part of finding a good real estate deal is going through the checklist and determining what can be done as much as what cannot. Any potential deal is going to come with obstacles. That is where having a solid network of connections comes in. Real estate is not a one person situation. Other people can definitely have an influence in important decisions, which is why knowing the capabilities and experience of your connections is important.

 

I know of a current opportunity which involves creating what could be an independent town with most of the major components. It starts with more than 540 acres of raw land, which is the initial investment. The location has potential, with a beach and airport within one-half hour, a major coast-to-coast interstate minutes away, and a military base within proximity. The property allows for residential and commercial development. The buyer could literally own an entire town!

 

Think of the possibilities. Think of how many single-family homes, condo or apartment developments, and mobile home parks that could be comfortably built on 300 acres. Two hundred acres allows plenty of room for commercial and retail, especially for multiple big box stores. Remaining space goes for restaurants, banks, and local retailers. Ten acres is plenty for a grammar school and high school facility, which would be in close proximity to thousands of residents. The remaining acres can be used for a forest, athletic fields, hiking trails, and various forms of recreation. The plan would leave space for a solar farm, storage facility, and other profit centers.

 

From here, this could be a tremendous opportunity for a developer to acquire all of the land, create the master design, and partner with major home builders, apartment/condo builders, big box store and/or franchise enterprises,  and architect and design firms. 

 

The point here is that instead of the reality that I personally don't have the $25 million it takes to get this project started, my thinking goes to, "Who do I know that I could do this with?". I know my team and I could do handle the research, business plan(s), feasibility studies, funding applications, and presentations of the concept. It's part of the work to make this project happen. Knowing what you CAN do is a start. Knowing what you cannot do can be overcome when you know who could. That is how deals happen.