I need to buy 3.2 acres in desirable area of Redlands CA, subdivide into 3-4 lots and build 3-4 custom designed homes. This property has a spectacular view of San Bernardino mountains. Initial investment $400,000.00 cash for purchase of land and subdivision cost, 1,800,000 or more, can be financed using a Construction loan, through a reliable company. Total investment $1,800,000. Return on Investment within 1.5 years, minimum 50% up to 100%. Homes in this area are valued from $1,500,000 to more than $6,000,000. These homes will be valued at $1,460,000 to $2,000,000 each.
Total value based upon construction of 3 homes, minimum $4,380,000, up to$6,000,000 if the market holds up.
Request #2: Residential property, value is (as is) $1,146,000. I need to pay off existing loans, $650,000, then I need approximately $200,000 to refurbish, modernize, landscape and update the interior, thereafter sell it for the full amount of value or more. Potential profit, minimum $275,000.00
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