wow!!! - some very exciting ideas in Deans Deal of the Month #2
*Deal of the Month#2*
lots of great info in there, and I'm interested (NEED!) to know more.
In particular regarding the contract used and finding an investor/ equity partner. Dean found 21 acre of land, he "structured a deal" around paying full price for said property, "locked it up" (i love that phrase), and found an investor to partner with... Then sub-divided the land, (minor & major subdivisions & moved some property lines for a additional cash) sold a few parcels straight away thereby generating cash
profit to use for further develoing the property.
- For starters, I'd like to know... Starting off from negotiating for the property; would the purchase contact signed by seller have to allow for sub-division (as Dean had done) - considering that the seller was essentially holding the note for the property (for one year)?
I just have to say, what a great learning experience this is..Any comments, questions, or inspiring thoughts about DOM#2 would be great..