Building on a lot owned by...

[Bryan Wilson]

I am not sure if this is the correct forum.  Please forgive me if it is. 

There is a home builder who has 5 or 6 great lots for sale but he has to be the builder for these lots.  We were thinking about building a home to sell on one of these lots.  He is a pretty good contractor as I've noticed over the past few years his houses sell fast.  Even before they are finished being built.  The area is in a prime location as well.  This would be my first venture into building a new home and I don't care if I don't make a lot of money on the first one as I think the experience is worth a lot.  Has anyone had experience with this?  Is there a forum on here or a thread someone can direct me to for info?  Does it sound like a decent investment?  Any problems you see with doing this sort of transaction?

Thanks for your time!!