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All Forum Posts by: Jason Martinez

Jason Martinez has started 1 posts and replied 13 times.

Quote from @Sterling Pompey:

Hi  @Kristian Demsky,

it worked out well! I actually utilized it to purchase my current place that I'm living in right now. 


 Congrats!! glad it worked out for you!  Do you mind sharing the lender you used? I meet the income requirements for my area. I would be interested in something like this program.

Quote from @Chris Seveney:
Quote from @Jason Martinez:
Quote from @Chris Seveney:
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.

If you have a builder, why not just engage them and get a loan vs. having to deal with a JV partner? Especially if they are a money partner only.

 I've brought it up with the builder but he's not interested at all.  He said he'll build it but he's not looking to invest at all.


Is this in Rutland? How much do you need? How much are you putting in?

What is the cost of construction? Is the land already owned? PRovide more details. We own some properties in Rutland

@Chris Seveney

 The property is 20 miles north of Rutland. 

I am working on getting estimates for site work and septic (waiting for the snow to melt) before I have a estimate for the project. I plan on a modest "cabin"/ SFH.

The amount I can put in is 20K-40k

I am waiting to hear back from the builder on the estimated cost of construction.

yes, I own the land.  I owe 50k on it.

How are the properties you own in Rutland performing? Rutland is a popular place for landlords. Its one of the few place in VT that have a good population.

The area where my property is at is a big recreation area. There are only a few STR's in the area and they are booked most of the year. (I know because I have used them for years and know the sell out quick). The property is bordered by the Green Mountain National Forest. It is in a great location for winter and summer recreation with a lake and ski resort less than 5 mins away.

If you like to connect shoot me a DM and I can show you the location of the property

Thanks for the reply!!

Quote from @Zach Cummins:

Jason, I am actually about 2 months away from finally building a raised deck out there. I've had other real estate challenges and 1031 exchanges that have pre occupied my time. But I will be sharing pictures and videos on my IG @zachrealestate lets connect though!


 Sounds good, I am also building a raised deck this spring. I've been eyeing the Scout tents.

I'm hoping to have some campers this summer to offset the cost of the land till i can have a cabin built.

Quote from @Chris Seveney:
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.

If you have a builder, why not just engage them and get a loan vs. having to deal with a JV partner? Especially if they are a money partner only.

 I've brought it up with the builder but he's not interested at all.  He said he'll build it but he's not looking to invest at all.

Quote from @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 

 @Robert Ellis  I wish I could . The tiny town the land is in won't let you build with less than 10 acres.

Quote from @Brooke Spaulding:

Hi - I'd also suggest looking at Hipcamp. That would probably be a good market for something like this. Sometimes people list on Airbnb but I think you're getting people who are expecting a typical vacation rental. In Vermont we have some associations like Vermont Huts that we rented ourselves over the winter - bring all your own everything and clean after yourself (no water or electricity). I don't know if you'd find those people on Airbnb or VRBO from my experience - depends on area. It's a big upgrade from say camping in a lean to on hiking trails.

Side question for me personally - do you have a mortgage on this property? I'm currently under contract for a piece of land with an off-grid cabin - doing as a land loan. Wondering if without typical utilities I could fix up and get an investment loan (adding a well, grey water system, composting toilet, solar for electricity, wood stove). Curious if anyone has done that since land loans aren't great terms. Thanks!

 @Brooke Spaulding Hello, I own a 10 acres of land in Addison County. 

It has no water or power, I wanted to use Hipcamp and put a nice tent on a platform with a outhouse.  I also saw the HUT association in VT. I think my property would be a good fit. My property is about 1 mile from the long trail. 

How was using the HUT association? was it profitable? any problems/issues?

Also di you ever find someone to fund your investment loan on your off grid property?

@Zach Cummins  Hello, How did you make out with your Hipcamp property?

I own land in VT and plan on doing something similar.  

Have you had many campers?  What type/brand of tent did you end up using? Would you be willing to share pics?

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.

Post: The Power of Joint Ventures

Jason MartinezPosted
  • Posts 14
  • Votes 1

Thanks for the post!! I'm looking at doing JV.

I own 10 acres and would like to partner with someone to build a SFH and split the profits.

Can you share with us how long this took?

I live in New Jersey too and have heard now but problems with evictions. Thanks