All Forum Posts by: Dax Mickelson

Yeah.  I live in Twin Falls.  Granted, closer to Boise than Post Falls but still not "local".  :-)

Welcome to the group!

What type of real estate are you interested in?  I know of a great real estate agent up there that is investor focused.  DM me and we can talk more about it.

I'm looking for good educational material on the process of developing "raw land" into a subdivision.  Any suggestions?  (books/videos/podcasts/etc.)

@Mack Benson and @Taylor L.  - Super thank you for the reference!  I'll eat it up!  :-)

@Alex Jackman:  Absolutely!  No need to misrepresent.  Most potential home buyers don't have "for sure" funds until the deal is under some sort of contract.  I think getting a property under contract and then, during your due diligence period, finding the cash is just a normal way of doing things.

I'm not currently looking to invest with this company but they do have some "tutorials" on syndicating a deal.  I'm looking for the "herd opinion" on whether these tutorials are valid information or not.
As an aside, does anyone have any good books/blogs/podcasts/videos on setting up a syndication?  As I mentioned earlier, I'm not to the point of needing one but I'm working on a subdivision development deal that might lead nicely into a syndication for the improvements built in said subdivision.

I'm having difficulty finding information at BiggerPockets related to raw land / subdivision development.  Maybe I'm just not knowing where to look for or what to search for?  If this site isn't the right venue for this could someone suggest one?

@Keaton M.

I hope you are wrong.  If I can't trust this friend regarding real estate then I can't trust anyone in real estate!  That said, I'm being as careful as I can be.  I haven't taken on the 2 suggested partners yet but we are doing introductions soon.  I will settle down on my partnerships before I exit my "due diligence" phase as written in the accepted offer.

Love it.  Could use an updated video as the Rental Calculator has changed.

Looks like I have more to learn than just how to calculate and fund a deal.  :-)

I think I've gotten off track to what I was looking for here.  Let me risk providing too much information (TMI) about my current situation and see.

I have a land development deal under contract and I'm doing my due diligence.  My Real Estate agent is a very good friend of mine and is very knowledgeable as she has been a real estate mover and shaker in this valley for over 30 years.  Since I have no experience with land development I agree with her that I should bring in a "mentor" to help out.  She has two guys in mind.

How do I establish trust with these potential partners?

How do I ensure they don't rob me blind since I'm a noob?

How do I balance their expertise with my personal opinions/desires on what I want to do with this land?

(I'm sure there are more questions but I think you get the idea.)