Asked by Andreas Johansson, Westhampton Beach, NY • Thu Jul 24, 2008
We are a small developer and we have been seeing land to be used for multi family properties within 20 minutes from Palm Beach being advertised for $20K-$30K in a few places. These sites seemed to have the correct zoning and were also advertised to be in an area with good rental potential.
We have European investors on our side who would possibly buy the units with a leaseback agreement, so we would like to explore the options we might have of getting land at that price - some were even offered with seller finance!
Also, any advice on construction costs in the area would be vey much appreciated.
Thanks in anticipation,
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