Buying lots as a sub division is starting off is usually a good buy,but only if the builder is successful, it can easily go the other direction.Look to the buillder(s) involved, their record and what might make that development unique in the market.

Cool deal Jon...glad we'll have a 4th solid builder in 02 now.

Here's one of the longer ones:http://www.biggerpockets.com/forums/79/topics/73606-is-fortune-builders-mastery-program-legit

This could never happen this fast here unless the inspectors were under the builders thumb or in his pocketbook.

While we could give our contractors our materials list and let them buy the stuff we want, it's easier to just fax it to Home Depot or the builder supply store and let them deliver it.

Also, never visit your own car while it's in the body shop for repairs, no matter how well the repairs are done, you'll still see a crumpled-up mess when you look at it.

Hey Keith-we attended several Fortune Builder events and have dabbled with cash flow diary. 

I posted a story here a couple weeks ago on this topic, hope it helps.http://tradewindvegas.wordpress.com/2012/10/25/is-a-home-repair-warranty-really-worth-it-builders-are-buying-dirt/

This example makes me hopeful. www.biggerpockets.com/renewsblog/2009/10/16/residential-land-developing-real-estat-determining-economic-feasibilityAs it relates to partnering with a builder/condo developer/bank my folks have held investment property before & would be willing to put up 200k from their HELOC.

I have been a new custom home builder since 1991 (other peoples homes other peoples money) in California.