What Would You Do In My Situation?
I am starting the process to build a storage unit complex, and am trying to do it with as little money out of pocket possible, but I would like to get some feedback from others with experience who could offer some "creative" assistance. The situation is this; my cousin is a commercial contractor, there is a perfect 5 acre piece of land, ripe for development of self-storage units, and a small stip center. He is interested in taking about 2 Acres for the strip center and I am interesed in the remaining 3 for my storage. My idea was to have him build the complex and then sell it to me on a note, after about 3 years I would refinance it and cash him out. How would you structure the fiancing for this project?
Thank you
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