Commercial property development advice on new build
Does it make sense to build from ground up to lease out for multi-tenant. I started looking at empty lots in high traffic areas for auto center. Just wanted to get advice on what to expect.
[{"id": "hlqj0tb", "text": "Details needed!\nLocation?\nFinancial situation?\nYour goal? Cash flow or rehab?\nMortgage or outright purchase?\n....anything\n\n.....literally anything", "replies": [{"id": "hlrfij1", "text": "Thanks for asking, location is in Southern California. Goal is  cash flow as well as appreciation. Purchase would be through mortgage.", "replies": [{"id": "hlrjurw", "text": "Have you asked about a mortgage on land? Much harder to get that a building. Construction financing is even harder.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hlqzjgb", "text": "If you are asking basic questions like this you have no business trying to develop real estate. Sorry but it\u2019s the truth.", "replies": [{"id": "hlrfm0l", "text": "Mostly looking to hear from others on their experience  of build to lease", "replies": [], "depth": 2}], "depth": 1}, {"id": "hlrpiwl", "text": "Most developers start small and work their way up. I\u2019m not sure of your experience but if you do one flip on a residential property you\u2019ll see all of the different moving parts and see how crazy it can get.", "replies": [], "depth": 1}, {"id": "hlv8l7t", "text": "There isn't enough information here to really help you at all. For good feedback there needs to be details of what you're wanting to accomplish and why, your time line, financial situation, etc. What's an auto center? Is it yours or you just like that use?", "replies": [], "depth": 1}]