BUILDER, LAND & FUNDING

[Troy Hollensworth]

Good afternoon everyone, this is my first post and I love BIGGER POCKETS. I need some advice on a few situations that's at my fingertips. I will start with the builder situation. I met a builder that's building homes within a subdivision that I found my client a home. In short, I expressed to the builder that I wanted to get into the investment part of Real Estate (building homes, fix & flip, Burrr-ing homes) He voiced that he would like to do some business with me after telling him I will sell the heck out of the homes he builds especially in todays market. His suggestion was to find some land to build on or even better abandoned subdivisions and he has investors that will get us started and we will split 50-50. We of course would have to work on the exact details but I need advice because I want to maximize this opportunity. 

My second opportunity, I can across someone that has several properties and they are willing to sell me a couple of acres. I want to build new homes on this property if I decide to purchase them. I have this builder that wants to work with me and I need help putting the plan of action together.

My third situation is the funding part. I have a lot of equity in my home and I can pull the funds out but I'm a little nervous because I don't have a solid plan of action. I listen to Rookie podcast everyday and I hear all of these great testimonies but I'm a little scatter brained right now.