Along with the common question “I have property. Can you give me some development advice?” (see last week's post on that topic), we also often get a similar question that goes something like this:
“Hey I've got a listing for a great piece of property. Give me call!”.
So here's the thing: VestRight is all about teaching folks:
1. How to identify land with development potential.
2. How to negotiate and structure residential land deals
3. BUT… how to exit out of those deals prior to taking on the big risks of purchasing property and developing land.There are two important things to know when doing deals this way:
1. The risk is much lower.
2. The returns aren't as high. Where a developer may make 7 and 8-figure returns on a development deal, our strategy will yield 5 to 7-figure returns. We average in the mid to high six figure on our average returns.So where does that leave us in regards to the question? Well, if you've you're trying to get property sold, VestRight is not really the best contact for you. Again, because we teach folks how to NOT buy property.
Now, I will say this: Our development company (Allied Development) DOES buy property. And we are active in the markets of Oregon, Washington and Idaho. So if you have a listing or a lead for development land in one of those locations, feel free to let us know.
But if your listing is outside of those markets, then we're not going to be a great contact for you. Your best bet is to reach out to local developers in the market you're in.
If you'd like more information on our program, start by watching our presentation video at VestRight.com/action.
Posted by Cody Bjugan – VESTRIGHT on Monday, March 2, 2020
[divider]
Along with the common question “I have property. Can you give me some development advice?” (see last week's post on that topic), we also often get a similar question that goes something like this:
“Hey I've got a listing for a great piece of property. Give me call!”.
So here's the thing: VestRight is all about teaching folks:
1. How to identify land with development potential.
2. How to negotiate and structure residential land deals
3. BUT… how to exit out of those deals prior to taking on the big risks of purchasing property and developing land.
There are two important things to know when doing deals this way:
1. The risk is much lower.
2. The returns aren't as high. Where a developer may make 7 and 8-figure returns on a development deal, our strategy will yield 5 to 7-figure returns. We average in the mid to high six figure on our average returns.
So where does that leave us in regards to the question? Well, if you've you're trying to get property sold, VestRight is not really the best contact for you. Again, because we teach folks how to NOT buy property.
Now, I will say this: Our development company (Allied Development) DOES buy property. And we are active in the markets of Oregon, Washington and Idaho. So if you have a listing or a lead for development land in one of those locations, feel free to let us know.
But if your listing is outside of those markets, then we're not going to be a great contact for you. Your best bet is to reach out to local developers in the market you're in.
If you'd like more information on our program, start by watching our presentation video at VestRight.com/action.
Leave a Reply