Land deal questions - Posted by Ray

Posted by Ed Garcia on March 18, 2006 at 09:02:38:


It?s obvious that your first choice would be to get a partner with money. A half deal is better then no deal.

But here are other options open to you.

(1) Lease/Option

(2) Purchase the property with a seller carry-back. Most smaller land acquisitions are seller financed.

(3) See if the seller will partner up with you. Tell him you?ll spend the time and money to subdivide the property and market it.

Food for thought,

Ed Garcia

Land deal questions - Posted by Ray

Posted by Ray on March 18, 2006 at 24:50:39:

I’m a new person to doing land deals but would like to learn more.

I have 10 acres available that is in a very good area, ready to go in and get it approved by the county to subdivide into 8 or 9 1 acre lots.

I don’t have a lot of free cash right now and am looking for any options that I have to finance the deal.

The deal is less than 500K. The land, after development, will be worth approx. 1.4 million if I do the development myself or to flip would be worth a little less than a million, given the going rates in the area.

Anybody have any ideas? I think I need to move fast on this.