May 20 • General discussion
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]
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
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Creative Land Deals
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