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Updated over 1 year ago on . Most recent reply

Own land - want to subdivide and joint venture with builder
Hello BP members,
Need some guidance here.
We own some land in southern Charlotte which is currently zoned r-40 for single family. We want to subdivide the land and partner with a builder and build a community and share the profits.
Looking for some pointers and how to go about it.
W are also open to sell the lots and get out as well.
Most Popular Reply

- Lender
- Lake Oswego OR Summerlin, NV
- 63,812
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I will defer to your expertise .. years ago ( 1990)s when we flipped plats in CA.. that was the advice at the time we got do all the work simply do not record it. Which is the last step to creating each lot. I suspect the rules got clarified over the years.. However like I mentioned though long time land owners are normally making the lions share of the profit on the sale of the land and staying in simply does not improve their net cash position when you go to dealer status from 1031 tax deferral. Although the last subdivision i bought for 5.5 mil the owner just took the cash and paid their cap gains and I know they probably did not have more than 100k into the land they owned it for about 40 years. Pretty typical of long time Oregon land owners.
- Jay Hinrichs
- Podcast Guest on Show #222
