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Lieutenant Junior Grade
![]() Join Date: Feb 2004
Posts: 173
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Developing commerical property
Does anyone have experience with developing commercial property?
I am looking at some farmland (formerly) that's in a good location. A partner and I are thinking about buying it and building a strip mall/leasing properties. The property has already been rezoned commercial, and the utilities are going in as I type. I'm going to get a loan to buy the property, as well as a construction loan of course. I handle accounting, and my partner is a general contractor who will handle the actual construction. Can you guys give your opinions as to some major hurdles or obstacles I will likely face? Thanks.
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