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How to structure deal to develop property.
I have a unique deal that the property owner is just wanting the builder to build him a home for "free" and he will sign over the land. The land is a good property to be developed for single family homes. The home the owner is wanting is reasonable enough for the cost to build the home would make the "cost" of the property to be bought at a discount. How would I acquire the deal? Would I have him deed the property over to me, and then have the paperwork be put in that we would build him a home first? Looking for any info that could help.