How to Find Developers &amp; Pitch Deals?
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[{"id": "g3a28xt", "text": "Can you tie up the land yourself? If get site control and start working the entitlements you could theoretically bring it to a developer that could help capitalize it. Then you have a deal in hand and you can try to structure it as a co-GP type thing.\n\nDepends how much capital you have/type of market you're in. Some markets you need to be able to close on land and take a lot of risk. Others you can get an option to tie it up and go from there (paying a small fraction in cash as option consideration). \n\nI personally wouldn't bring a deal to a developer without site control if my intent was to stay in some how (maybe if I was just trying to broker it I would though).", "replies": [], "depth": 1}, {"id": "g3a37ai", "text": "When you say \u201ca lot of these properties are not my listings\u201d what do you mean? Are they already on the market? If so, it could be hard to get involved. Most developers are somewhat sophisticated at that level and don\u2019t necessarily need or want representation. \n\nThat said, if they\u2019re off market I would do what u/TallforanEwok recommended.", "replies": [], "depth": 1}, {"id": "g3alt4h", "text": "I\u2019m a bit confused; do you want them to give you a GP/LP interest for finding, conceptualizing, and selling them the property?\n\nIt sounds like what you really want is to be a developer but don\u2019t have the experience or capital.  Have you considered finding investors to buy the land along with you then hiring a consultant or developer? Then negotiate yourself GP interest, the investors as LP and work as owners representative to the developer.  That\u2019ll give you ownership interest and control while gaining experience.  Even if your share of the income is small, it\u2019ll at least get you in the game. \n\nThat said, I second everyone else. Without having site control there\u2019s no point, any developer has no incentive to keep you in the deal if you don\u2019t have site control.  You\u2019d just be a broker at that point.", "replies": [], "depth": 1}, {"id": "g4jlvew", "text": "Hi! So I am a mainly residential interior designer, but I have made the experience, that usually words (on paper) don\u2019t sell that well. Developers are usually in for the profit, as they are constantly reinvesting to stay in business, please correct me if I am wrong.\n\nThe reason why residential developers probably don\u2019t want to take on bigger projects is that they have a constant group of people that they surround themselves with, for example certain architects, structural engineers, designers, who all are probably specialised in residential. It would not make sense for them to change their target audience, and so your developer would need to find a whole new group of people to work with/ trust.\nSo I would suggest working with commercial designers.\nOn the other hand, you might know the hottest deals and the best way to get a swift permit process, but it is of no value if the developer doesn\u2019t understand that.\n\nSo I would suggest approaching commercial designers\nwith a spot on business plan, where you can really show off your knowledge and foresight to these developers. As in, which architectural/design features would increase the likelihood of somebody buying this unit in your market and  what would they be willing to pay for it?   Your plan should include initial design visualisations of the building, the range of square footages for the units, the expected buyers and prices, needed contractors etc. \nI have not worked with developers yet, but I know  how to best convey ideas and business models (took quite a few classes in uni) so please PM me if would like an additional pair of eyes on your business propositions :)", "replies": [], "depth": 1}]