Purchase price: $3,000,000 Cash invested: $6,000,000 Sale price: $25,000,000 Ground Up development project due to be completed Q3 2025 What made you interested in investing in this type of deal?

In Columbus, you can still find the 1% rule and there's amazing appreciation potential due to how much population growth, job growth, and companies moving/developing there (recently Anduril just announced another 4,000 jobs coming to Columbus Ohio on top of Intel, Google, Amazon, FB, Nationwide, Ohio State University, etc.).

I'm very much involved in the Boston market and can tell you that flipping has gotten extremely competitive.

I eventually wanted more of a challenge and worked with local PE firms to gain more knowledge in CRE and CRE Multi-family developments. 

Whether he likes it or not, this will involve a bit of work on his part.The good news is, if things go well, he could become your perfect private lender over many deals.Good luck to you both.

I see this as a great opportunity for both of us to learn, grow, and build something meaningful.If there are any opportunities in my area where I can contribute or get involved, I’d love to hear about them.

Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?

We've looked at doing this for a land development fund, horizontal development fund, subdivision I think is best as SPV for new construction or build to rent, I've been talking to groups but it seems horizontal lot development in the south east United States is getting the most interest from an equity perspective. we want to set that up this year. is your experience more in syndication for debt or equity and what types of assets and strategy?

Raise the $600K, do the pre-development work, then “sell” the property to NewCo.  

This person does the FHA 203k inspection, determines what's required, takes into account what you want done in addition to the FHA requirements, and develops a scope of work and cost estimate.