Strategic Subdividing: Chuck Dreison Talks Land Funding, Experience, and Philosophy | REtipster 183

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I met Chuck Dreison this past year when I was looking for members of our community with experience subdividing land in different markets around the country.
Chuck was one of the few people who raised his hand, and since then, Chuck and I have spent a fair amount of time together as he’s shown me the ropes of how minor land divisions work in his market (which has plenty of differences from how I’ve seen it work in other markets around the US).
One of the biggest things I’ve learned job shadowing subdividers around the country is that the expertise a person develops with subdividing in one state doesn’t always transfer to the next state or even the next county over.
I wanted to get Chuck on the podcast to talk more about his story and how his subdividing business works. I also wanted to talk about partnering with other land investors, either as the operator, doing the hands-on work, or as a funder providing the capital.
It’s a topic that goes hand-in-hand with subdividing in many ways because many subdivides are naturally bigger deals that require much more money to acquire and do the work of subdividing. As I’ve been developing a solid framework for how I fund land deals for other land investors, Chuck has given me some great feedback about what he’s seen in the industry and what he wants to see from the operator’s side.
00:00:00 - Introduction to Chuck Dreison
00:04:20 - Chuck’s First Subdivision
00:07:45 - Challenges in Remote Subdivisions
00:11:31 - Typical Subdividing Costs
00:14:12 - What About Water?
00:16:28 - Topography and Zoning
00:22:50 - Financing Deals
00:25:18 - How Chuck Funds Deals
00:34:09 - Investor Payouts and Fees
00:38:48 - Terms vs. Cash
00:41:38 - How to Find a Trustworthy Funder
00:46:19 - Pros and Cons of a Land Fund
00:51:27 - Is It Stressful to Manage a Fund?
00:53:12 - Closing Questions
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[@turningprofit]

Great interview!

[@Retipster]

Thanks, Pete!