Advice - Investment Opportunity

[RichB]

I am a 10 year investor in residential and Multi-family properties. I have been confronted by a developer who's been sitting on a large property, currently approved to subdivide into 23 lots. He just needs capital to get going, and only wants a modest net on the sales. This is an area in Virginia that is experiencing new home sales growth and will continue to do so. Average homes in this area are tax assessed at $450k, I could build and sell above average houses here for $440k and still make out alright.

I'm looking for investment capital of $2.4M for the development, and $2.4M for the building over 3-4 years. After considerable calculations, I believe I can entertain 8-10% return per year. Where do I start?

Thanks...RichB

[rubenwika]

Sounds great ... but still no one shows up ?

[GrowConnect]

Good investment. I think you need an Angel Investor to venture capital for your investment. :-)