Please Give Advice! Is This Worth Pursuing

A person ask me to help/advise them about possiblely developing this land. I know nothing about land development but I would like to learn.

Here is the deal
100 Acres of land (Currently zone agric.)
Location: Lake City, FL

Given the location and the current census stats(county population 70,000) would a developer be interested in this small rural area

[ Edited by jwmill3 on Date 06/24/2005 ][ Edited by jwmill3 on Date 06/24/2005 ]

Comments(3)

  • pinnacleproperties24th June, 2005

    Are they a direct lender? Are they assuring you 100% that the loan will close? If not, your out 50k...

    They are doing 40%.

    Beware.

  • pinnacleproperties24th June, 2005

    We do.

    Where is it? How much? We suggest putting as much into it as possible, then set up a interest only loan.

  • pinnacleproperties24th June, 2005

    Come to South Florida. The appreciation and re-sale value is ranked the highest in the sate and ranked nationally.

    Insane deals.

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