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Updated over 11 years ago on . Most recent reply
Finding investors for a great opportunity in the Bakken
Need help finding an investor to help develop a 100+ acre lot in the Bakken area. Lot is on Interstate 94 on an exit. Many ideas and lots of local support. I already have potential buyers but need to develop the land first. Anyone know of a good investment firm willing to help?
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#3 Guru, Book, & Course Reviews Contributor
- Investor, Entrepreneur, Educator
- Springfield, MO
Kenny, welcome to BP.
What type of development?
Is it owned free of liens?
Stay away from HMLs, they have a place in REI, but if the property is reall owned free of encumbrances and you have local support with a good project, conventional financing and perhaps partnership arrangements would be the way to go. Get with someone who has a track record in the type of project contemplated as Dave mentioned. :)