Appreciate the update! glad you ain't dead. Cool seeing/hearing your journey regardless of the "interval" it takes for you to share something substantial. Pretty sure the folks in this group aren't here for a quick hit of dopamine from another guru. Reason I follow you is because you don't hold anything back and have kept it real since day 1. Land development finance is a much bigger beast than flipping dirt by buying for pennies from people who can't afford it.

@Trevor Probandt I got impatient and just sent a LOI for seller financing with 5 year terms, $0 down, 5% interest only payments 5 year ballon. We’ll see…

Thoughts on using the Installment Method for Subdivides? It’s called a Land Contract after all… My business is focused on high-end infill and simple subdivides — selling “shovel ready” and “finished lots” to homebuilders. Owners I’m buying from aren’t willing to take a big haircut with a cash offer so I’ve primarily been using seller finance and LONG due diligence periods to get my surveys, engineering, and “paper improvements” done before closing… But I’m spending tens of thousands at quite a risk and most of these folks don’t accept my initial terms of 5 years, 5% interest-only payments, 5 year balloon. If you used The Installment Method to get on title then materially improve the property and truly partner with the land owner while also reducing risk....? Current deal: Seller asking $300k for 4 acres in a hot area. The land is 115ft by 420 ft. The rest is marsh. There are no critical areas. Total land is 115ft by 700ft. So if I can get 4 x 10,000-12,000 sqft homesites out of it at $120k each, we’re close… Installment Method Offer — $1k cash today, get on title to get ALTA, wetlands, soil report, underwrite the gravel road/drainage plan, utilities, etc then $275k in 180 days (while LEGALLY preselling each lot for a total of at least $480k with $96k (20%) in EMD from end buyers to fund my improvements) The key here is recording EQUITABLE INTEREST in the property so I can list on MLS, not just wholesale a contract or option on the property/individual lots. = six figures in profit without risking the seller selling it to someone else after I’ve increased its value, splitting profits, or beating him up too bad on price…

"sorry bro. sucks to be a broke peasant. maybe next time" In all seriousness, there were some gold nuggets in this one. Thanks for doing this and sharing your experience from a few steps further down the path @Trevor Probandt

Projects we can be proud of is what it’s all about!! It’ll never be as good as we envision in our mind, but it’s the execution that matters. Can’t wait to hear the gory details @Morgan Lawler @Trevor Probandt

I'm game in a few months... want these next 3 development deals to close before I open my mouth about anything.

@Trevor Probandt true. I mean I even dig your public “notes to self” — it’s all blocking & tackling and getting out of our own way in a continuous pursuit of getting better at the game