All Forum Posts by: Bryant Brislin

I'm happy to network with you.

@Russell Brazil you're right, I read that question the other way around, as far as I thought he was looking for distress in the form of which builders are offering major concessions.  

Use the power of "lingering", meaning let them know you are interested, spend time with them and then leave if you can't get the numbers you want, and say you'll be in touch.  You may need to revisit and do this two, three, four times...your face will be scorched onto the salepersons' brains and when corporate gives them an edict to sell a certain amount by a certain time, or offers them a bonus to hit a certain goal, even if it means being generous with the hold-out (every community has one or a few), you'll get that call offering a concession. They mostly count on the buyers who are making decisions strictly based on emotion (the wife falls in love with the kitchen, etc) or based on impending logistics (the current lease is up, the pregnant couple who needs something bigger, etc). So they will concede here and there to hit targets, i.e. 1 sale per week if often the desired absorption rate. 

If there is no debt on the property, then you can form an LLC where you are both members with allotted percentages of ownership and a side agreement that details further what the obligations are for each side. It may be worth spending 5k-10k on a transactional real estate attorney for this.

On a national level, it was Lennar, but I heard they are going to stop that. If anything, survey/call multiple open communities and find out. 

I haven't really seen that work (but maybe it could, I don't know that market) but I've seen groups do manufactured housing (modern day, very nice mobile home parks) and seem to do well for the rural areas. 

Besides everything written above, the Departments of Real State for the specific state they are in usually require it. For smaller projects, sometimes you can get away with a "Maintenance Association" which is a bit less onerous than an HOA.

If you need a little bit of help on an a la carte basis, I might be help.  I've been a land broker for sixteen years and was a subdivision title officer for seven years before that.

Maybe joint venture with a general contractor who has a track record that can be shown to the bank. 

I would think it has to be pier and beam due to the potential flooding.