* Additional Opportunities
Real Estate Brokers with a broad network and strong relationships among their peers and local government may be able to become involved as a joint venture or limited partner in some of the developers projects and share a percentage in the developments profits.
A potential joint venture or limited partner must have the ability to supply one or more of the following:
- Real Estate.
- Land.
- Some form of site control, i.e. via land contract or option to purchase.
- Capital.
Individuals may also propose real estate projects of their own to the consortium for consideration of a potential real estate development. The consortium along with the developer will evaluate the feasibility of the concept presented and make recommendations accordingly. Under this scenario, the individual must have control of the proposed land or real estate. A proposal deemed acceptable would be treated as a joint venture or limited partnership between the individual and the developer and structured accordingly.
This opportunity allows for the individual to feasibly develop a property with the aid of the consortium and developer and gain financially. This opportunity can prove favorable to anyone that lacks the resources or background and network needed to successfully take their vision from ground zero to reality; particularly, when their current situation may not allow them to go at it alone. Due to timing, lack of capital, insufficient knowledge of preparing and implementing a development plan. Yet, may own real estate capable of yielding an adequate return if planned and developed to its highest and best use.
