BiggerPockets

I have recently invested with a developing to firm to purchase a sub-division. I am fairly new at the the whole investing game but the owner of the development firm took me under their wing and decided to walk me through the process. Now the sub-division deal is rather big for my first or should I say second deal. The land is 34 acres and the closing is still pending. There are a lot of intricacies involved that is sometimes over my head but I sit there with a sharp ear and eye to learn as much as possible. The development firm is scheduled to handle all the construction and contracting as well as payment draw. I was weary at first considering my first investment was a total burn that I am still trying to get out of. I took faith in this "second" deal with the help of the knowledge from the first deal. If any one has insight on developing sub-divisions please share. I have very little information to give right now as I sit as a student learning from the developing firm I have teamed with.

lol. Judson is right. I haven't seen very much info at all about developing raw land. You've got 2 customers for that book here! Let us know how things go as you move along.

Any updates for us Kacie?

you know...I could write a book on this....but it would be toooooooo long and I probably wouldn't finish it and even if I pulished it not finished, nobody would probably get to the end any way....lol

The last sentance would go something like this:
"....and another thing to look out for................"

Also, I really don't know what to tell you as you have not really pointed out a concern, except a general one.

Learning is good, but you also need to get involved with the "behind the scenes" there is alot more too it than all of the step by step approaches. Go to the engineer meetings, meet with the contractors, meet the planners, municipal councils, lenders, investors, etc...find out what they are all looking for, over time you will find what it is you are looking for, then you will be able to smell the BS a mile away.

KG :mrgreen:

Hi guys, i was reading where you say if you found a book on raw land development you would buy it. Well i do have a book...i didnt write it but it is very thorough from begining to end. What the person mentioned above is all correct but you have to do things in an order and somethings you may be able to get around if you know how. It was very helpful to me on my first development, now we are in process of doing a 30 acre behind an Air Force base here in SC., I paid $175 for the ebook from a private source that i had to pay in order to have access to. I would be willing to sell it to you guys for $100.00. I thinks thats pretty fair. We just got our wetlands certification out of the way and now we are doing the retention ponds. But i will say this, if you do not have patience, dont even think about it. You will have to have more than you want, trust me, but if you generally love realestate like i do, then it will be all worth it.

New Horizon Custom Builders L.L.C.
Tay
President