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Updated over 5 years ago on . Most recent reply

User Stats

1,254
Posts
342
Votes
Rich Hupper
  • Broker / Investor
  • Tewksbury, MA
342
Votes |
1,254
Posts

Presenting a land development deal to a cash buyer

Rich Hupper
  • Broker / Investor
  • Tewksbury, MA
Posted

This is not a wholesale. It is off market. I am not getting a fee from buyer or seller. All i am trying to do is find a cash buyer for a 5 year land development deal. I would require exclusive listing rights to all new homes produced from the site. The deal would produce 10 + new single family homes. I am wondering if i should create some sort of prospectus to show potential buyers. how are multi million dollar deals like this solicited. I already have many possible buyers to contact but i want to give them something that goes over all the details, risks, and rewards. I could probably come up with something from scratch but i wanted to see what the pros put together for their buyers to review. 

I already have a third party appraisal done and the title work. The seller has agreed to a price close to the appraisal amount. No engineering, surveys or environmental studies have been done.

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