@Al LaFan Exactly! You get to make money AND actually help people afford housing. Way better than just flipping houses to other investors. Have you done any land-home packages already or are you getting started?

@Al LaFan Awesome well you're in the right community! Let me know how I can help along the journey!

@Dan Kerch Got it! I've got some content on underwriting and verifying our assumptions in the course, and have a few more modules coming that dive deeper into figuring out how to find these numbers. Most of this is finding the right people- the right realtor to get you comps, the right GC to get you hard quotes, and then the dealer to get you a price on the home. It all comes back to the who not how mentality

@Al LaFan This is most peoples biggest hurdle, but also the moat we love because it's a barrier to entry that a lot of people wont spend the time to figure out. I did my first handful of these deals all with private money- so investors that i met at networking events and built trust with. A lot of lenders see this as a risky business model, so at the beginning it's leaning on private investors with their own capital, and they trust you to operate the deal with integrity. Focus on building relationships, letting everyone know what you're doing, and leading with value to these people. Once they get to like, know and trust you, they'll be willing to invest with you. I'll make some more content on this.

Nice! Sounds like you're having a good start to the year! Do you plan to subdivide the 10 acres?

@Corbin Marcotte Let's go! 10-20 acres is great! So here in NC, there is a difference between a "minor" and "major" subdivision. Talk to the county zoning your in to determine what the criteria is for minor in major. For example I have 6.5 acres of land in NC that I own that I'm doing a minor subdivision on. I'll be building 5 homes once the survey and site plan are finalized and recorded. Now the thing is, I could fit 6-8 homes here BUT as soon as I put that 6th lot in the subdivision, it turns to a Major subdivision, which means I need all public infrastructure. D.O.T maintained road, paved, curbed and guttered, which completely blows up my numbers. The extra 2-3 homes isn't enough to absorb that cost. So it made more sense for me to only do 5 homes, keep it as a "minor" subdivision, and then I can use a private, gravel road which is so much less expensive. So I'll get better returns by doing 5 homes rather than doing up to 8. Every county is different, but confirm with you guys what the limit is before a minor becomes a major subdivision. That public infrastructure can ruin a smaller deal.

@Ryan Hourigan this one was surprisingly flat compared to most of the lots we look at. We paid $6k for clearing and grading .4ish acres on this lot.

And then we intentionally grade away from the home post brick skirting to allow for the water to drain away from the home

@Robert Sheridan Thanks Robert! Great to have you!

@D Jones Great to have you! Finding land is one of the hardest things in this business, I think you'll be able to add a ton of value to folks getting started!