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Updated 1 day ago on . Most recent reply

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Ivan Gonzalez
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Ground Up Development. Acquisition & Partners.

Ivan Gonzalez
Posted

Good afternoon Bigger Pockets!

I have my eye set on a few empty lots with ideas to build duplex or single family homes. How can I go about finding partners to fund or even JV a project like this? What would you all recommend me to have before making any big moves?

I'm fairly new to this and would appreciate any insight.

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Shema Cochrane
  • Real Estate Consultant
  • Arizona
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Shema Cochrane
  • Real Estate Consultant
  • Arizona
Replied

Hey Ivan, appreciate you sharing this..

Since you’ve got your eye on a few lots already I’d just recommend making sure they line up with your build goals zoning wise and access wise before diving into partnerships. I’m a land consultant and I’ve seen people skip the homework and end up wasting time or money. Just something to keep in mind.

Now on the JV and funding side this is where putting yourself out there really matters. Nobody knows you’re building if you’re not talking about it. You’re doing good by posting here but I’d go further. Look up lenders, agents, small developers even. Reach out and introduce yourself as someone with a vision not just someone who needs help.

I built a little circle around me with people like a permit specialist, notary, etc. That way I’ve got real support and it makes it easier to move on the right opportunities. You don’t need a big team just start sharing what you’re working on and being intentional with your connections.

If you want to talk through anything land related I’m around.

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