Land owner looking to JV with Builder/Capital Partner

[Jason Martinez]

I own 10.2 acres of undeveloped land in central VT. I want to build a small SFH or STR on it. It has very favorable zoning laws, the land is buildable, and the area has a housing shortage. Land is 40 mins from Killington 15 mins from Brandon Vermont (the perfect Vermont town) 20 mins from Middlebury. I do have a quality builder that could facilitate the build but not required for JV.

Is this enough to bring to the table? If the partner was only a capital partner and had no involvement with the build would a 50:50 split be worthwhile for the capital partner? 

This would be my first JV and am open to any advice suggestions on the best way to proceed.

[Robert Ellis]

Quote from @Jason Martinez:

I own 10.2 acres of undeveloped land in central VT. I want to build a small SFH or STR on it. It has very favorable zoning laws, the land is buildable, and the area has a housing shortage. Land is 40 mins from Killington 15 mins from Brandon Vermont (the perfect Vermont town) 20 mins from Middlebury. I do have a quality builder that could facilitate the build but not required for JV.

Is this enough to bring to the table? If the partner was only a capital partner and had no involvement with the build would a 50:50 split be worthwhile for the capital partner? 

This would be my first JV and am open to any advice suggestions on the best way to proceed.

 don't talk to the builder talk to a surveyor and your city about splitting. 10 acres is a lot of land. at a density of 4-5 units an acre you could get 40-50 lots out of that and do way better than the builder. builders have no value. it's a commodity. you have all the power. you own the land. I'd be looking to do an SPV and raise additional equity to capitalize the project and make it much larger if all 10 acres are buildable. you are going to have 400k in costs to do that kind of subdivision but you'll make way more we are looking to start doing the same strategy in Columbus Ohio now for large subdivision developments