Received a generous opportunity from a friend's FO to do land acquisitions for them. Have about $8m in equity exiting from my projects in Q4 this year, so going to spend significant time helping them out, as I don't have capital to buy a lot for myself.

(I'll still be looking for deals for me, it's just not full time)

Couple reasons this is interesting.

a) getting paid a way above market acquisition fee for any deal that closes

b) finding deals ain't easy, but it's WAY easier than multifamily. Especially when you only look at MF deals where you can double your money in three years

c) learning a ton about land entitling, very interesting business and something I have zero experience with

I will be posting thoughts on this process throughout the next couple months, tracking info, etc. I've done lots of cold calling before, but nothing like what I'm going to do.