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Does anyone have an example JV Contract with the Seller where they put up their land at a "fixed price" and we bring our RE Expertise + fund the entitlements to increase density to exit "shovel ready" to an end builder/buyer and split profits?
A friend of mine forwarded me this property that's been on the market for 407 days about 40min SE of Austin. If I was in TX, I'd be making an offer somewhere in the $500k range, maybe more on seller financing... https://www.realtor.com/realestateandhomes-detail/654-FM-812_Red-Rock_TX_78662_M92630-95371?from=srp-list-card Happy hunting, y'all
Wondering if anybody has any experience with wraps in land? There was somebody on our into call that had 100+ notes (hoping they chime in 😀) Trying to understand the basics (let me know if on right track): 1. Buy with deed of trust/prom note (with or without acceleration clause?) 2. Sell on land contract? 3. Setup automatic monthly payments (note servicing company?)
Its coming throughout the country. Some interesting things developing. I feel kinda positive about since im mainly investing in FL and sellers are swimming with mail from wholesalers/buyers. Hoping it will make my job of actually getting ahold of a seller easier. I hate government regulations, as a whole and find whatever the government tries to fix they invariably make it worse. Lets see! The conversation between Jerry Norton and Steve Trang on Real Estate Disruptors was a super interesting convo about it. Also Jerry is giving away PropStream like data for free in his new product propwire.com.