Next Steps Toward Development: Clarifying Your Options and Taking Action
You don’t need to start with skyscrapers or subdivisions to call yourself a developer. Some of the best opportunities are smaller, strategic, and already within reach. If you’re ready to take a practical step into the world of development, here are three paths to consider.
Exploring Small Multi-Unit Projects
If you’ve ever thought about owning a duplex, triplex, or fourplex, small multi-unit development is one of the most accessible entry points. These properties offer the potential for both rental income and long-term appreciation—and in many cases, they still qualify for residential financing.
Whether you plan to live in one unit or lease them all, this path allows you to step into development without overextending yourself. The key is learning how to run the numbers, select the right site, and work with local zoning requirements.
Adding Value to Land You Already Own
Sometimes, your first development opportunity is already in your possession. Whether it’s a large backyard, an underused lot, or a family property with untapped potential, adding an ADU or subdividing land can open new possibilities.
Zoning and permitting rules are evolving quickly, and many cities are offering incentives for density and infill housing. Working with an experienced consultant can help you determine what’s possible—and what will actually cash flow.
Getting Financing for Your First Project
You don’t need millions in the bank to get started—but you do need a clear plan. Most successful first-time developers secure funding through a mix of private lenders, hard money, construction loans, or partnerships.
Lenders want to see a well-thought-out scope, a strong exit strategy, and someone who has done the homework. That’s where the right team matters. When you know how to present your project and your numbers, financing becomes a stepping stone—not a barrier.
You’re Closer Than You Think
If you’re already experienced in real estate, this next step is well within reach. Whether you’re developing one unit or several, your knowledge of the market gives you an edge. With the right guidance, you can move from thinking about development to making it happen.
Want to explore development more seriously?
My specialty is helping people create a vision for their next real estate steps - I do have trusted resources, tools, and introductions that can help you get started. If you're ready to explore your options, reach out and I’ll point you in the right direction.
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