Strategies for Sourcing Development Deals: Identifying Potential Sites: Seek out under-developed sites with a lower Floor Area Ratio (FAR) than what the current zoning laws allow. Engaging Directly with Owners: Initiate contact with property owners, introducing yourself as a developer or investor interested in acquiring their site. Offer an attractive proposal by suggesting a potential deal that eliminates the need for broker commissions. This outreach can be done personally or through a hired representative.
These are excellent strategies and obviously work!