I have 8 acres of raw land. How can I make money off of it, beside simply selling it?

Answers:4   |   LastUpdateAt:2012-10-23 09:45:03  

Question
eze sleepy
Asked at 2012-09-10 23:38:03
My grandmother has 8 acres of raw land (1.5 acres in front of one of the main streets of our city ) that is paid for 100 % . His house is now on earth , but the zoning from residential to commercial goes , shopping centers , gas stations, apartment complexes and more . Three lonely foreclosure homes very close to each other . We tried to sell the property several times , but the price is always very low , either because the neighbor is not going to sell , or someother mishap . MedlinePlus Since we have no loan on the property , how can we develop commercially and be able to obtain financing from a bank to do ? Instead of selling , we want to become a sort of mall store, or something. How can we secure funding for this? I just heard on the same neighborhood as Starbucks pays $ 95,000 ( and% of profit ) per year for 20 years to the owner of the site - how can we write that?
Answer1dee-deeAnswered at 2012-09-25 00:02:03
Raw land loans are an agreement in which a lender ( usually a bank ) gives money to a company that is carrying out a project of Raw Land Development . The company agrees to repay the money with interest, at some future point in time. Raw land loans are very flexible and comes in a variety of terms to meet your specific needs . Money issued by raw land loans are generally distributed in increments as the Draft Raw Land Development meets certain milestones . MedlinePlus MedlinePlus An operation classified as high volume / high traffic retail or food service may own and operate a licensed Starbucks store . Examples include : hotels and resorts , healthcare , schools and university campus environments and business and industry. http://www.starbucks.com/business/leadSu
Answer2Da dog fart;m1ng-3; hard love her, Answered at 2012-09-30 02:13:03
Contact Starbucks and see if they would be interested in the site .
Answer3RaechelAnswered at 2012-10-22 21:46:00
mini golf course.
Answer4myrandaAnswered at 2012-10-23 09:44:47
So you have 8 acres of commercial land I guess. Funding should not be a problem since you can use the property as collateral for a construction loan . First, you have to go to see a local civil engineer to develop a plan ( this is not free , of course ) to see what can be developed to maximize the site and comply with local regulations . A rentable mall is always profitable , no matter where you are, but you will have to announce early so you can have some lease commitments so you can as they say " build to suit " . Another option would be to get a partner , someone who has money and it would be the placement of the ground and the other would be in charge of the money , therefore , have no financial risk , but the gain only, but now your profit will be lower, as are benefits division. I hope this is helpful .
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