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The Dirt Road to Wealth

128 members • Free

31 contributions to The Dirt Road to Wealth
Need Lending on Anything?
Hey guys, my dad, uncle and I have a few hundred grand sitting on the sidelines right now, I am looking to start doing some private/hard money lending. If you have any good deals lined out, please reach out and I will get some ideas on pricing/costs, etc. Email me [email protected] or give me a call/text 940-736-8797.
1 like • Aug 19
I will text you
$7,000 worth of owner financing LOI and JV/Development Lien Contracts
Hey guys, I wanted to share with everyone some templates that I use just about every day in my business, let me know if you want to know anything else on these.
1 like • Aug 5
Thanks for sharing these Trevor...You're the man!
Not on the call today
Meeting with county today, will share the details tomorrow. $3.5 buy, high density deal
0 likes • Jun 19
How is this going for you Trevor?
Creative Land Deals
Anyone have experience partnering with the Seller to develop together? - Owner contributes the land as equity / collateralized for construction loan - You contribute real estate development expertise, hire the engineers, manage the contractors, etc (fixed acquisition/construction management fee or percentage of the project value) - Owner gets the agreed upon contribution price of raw land back plus a % of the profits from the sale of homes (or finished lots to end builder) -- [similar to a GP-LP relationship, but done at a single project-level] @Trevor Probandt recommends using a Land Contract to get on Deed; but I'm thinking a SPV LLC where the contributions are clearly stated in the Operating Agreement or sign a JV Contract and record a Memorandum of Contract with Title Company
Creative Land Deals
1 like • May 20
@Eric Bakey I like it I think an SPV LLC is smart but Trevor knows more than me so maybe he’s right on the land contract
Missing the Call Today
Hey guys, I have to go look at a property this afternoon, unfortunately it is nearly 2 hours drive away, I will miss the call today. My apologies. But should be good to go next week.
1 like • May 19
@Eric Bakey I have explored this but never done one. At the end of the day it's just whatever you can get the seller to agree to. I was looking at taking a development fee of 15-30% for managing the project. I would also have to pay my capital partners for their investment toward CapEx. I'd say just try to cut up the pie so everyone gets a piece, with the seller included in some of the upside (they get more than the value of their property)
1-10 of 31
Chris Gibson
3
21points to level up
@chris-gibson-2621
I am a land investor and developer. I love dirt.

Active 21d ago
Joined Apr 10, 2024
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