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Updated over 10 years ago on . Most recent reply

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42
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Jai Sookhakitch
  • Investor
  • Chicago, IL
11
Votes |
42
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***Would love some suggestions on dealing with developers!!

Jai Sookhakitch
  • Investor
  • Chicago, IL
Posted

Greets BP,

I have a great piece of land under contract  in IL and I was just wondering if you guys had suggestions on the best way to contact development companies. What has worked in the past for you? Email? Phone call? Facetime? I have a strong sales deck prepped and before I pitch I wanted to know which approach works best. 

Please feel free to comment or DM me with any tips and or suggestions or experience working with developers in IL.

Most Popular Reply

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,039
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42,783
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

@Jai Sookhakitch 

  list it with a good broker who specializes in that product.. or on loopnet.

If you have just tied it up and don't own it yet.. and are looking to double escrow it.. then beware.. True developers will check title and see that you don't own it.. they will wait until the close date and when you don't close they will just then go direct to the owner and buy it and cut you out.. I know that's what I would do ..... NO wholesaler wanna be flipper is going to sell me a piece of dirt.. not going to happen.

I have been on the other side though were I tied up the dirt and was flipping it to a builder but I brought my cash in closed and sold to them next day.. whole nother kettle of fish vis a vi flipping cheapo sfr's

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JLH Capital Partners

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