Land Development Startup

[ErnestGoesToWSOP]

Hi Godson,

Sounds like you have an awesome project going on. I would recomend you and your family getting as much education on the subject as possible. There are some good land development seminars out there, most notably by Scott Scheel at creativecommercialrealestate.com. There are also websites for real estate investors, reiclub.com, richdad.com

There are some areas where buying land can be a good buy right now. About 2 hours from you in the high desert, Victorville, Hesperia and Apple Valley will see another population explosion in the next 3 years due to the expansion of the SCLA and the jobs that will come with that. A lot of the developers and investors clients at my company are picking up land based on the poplation projections.

Does your family have development experience? If not, partnering might be good idea for bigger unfamiliar projects.