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Updated 7 months ago,
Development Opportunity but limited experience
I'm a licensed Realtor and investor. There's an awesome opportunity to purchase a large parcel of land that is prime property & location for development. I've sold new construction but never developed homes and it was suggested that JV'ing with a developer would be ideal. My business partner has purchased large parcels of land, but never developed homes. How would you approach this type of project if you have the ability to purchase but limited experience on actual development? Maybe agreeing to a % from the sale of each home in addition to listing the homes once the construction starts?