Hi All,

Thanks for th replies, I have been away from a computer for a few days and just got a chance to log back on the web. Anyway to answer some questions:

The land area is 800 acres. It is relatively close to a capital city and should sell easily to “lifestyle buyers”. It has preapproval from the council for an 8×100 acre lot subdivision after a few conditions are meet. EG power and phone connected to each lot, drive entrance etc. Prices for the blocks are currently $250K plus each. The catch to this is the farmer who owns it would rather sell as a whole for about 1-1.1 million. If you could sell 8 lots at the minimum of $250K that is 2 million by my calculations. I know the connections and development would cost a bit, but I would be sure you would be left with a sizable chunk of change after the development.

The interest for me is I would like to buy part of the land, probably 2 lots. If someone would like to fund most of the money (I only have about $50,000) then I would be interested in buying 2 lots at cost and the rest of the windfall would fall to the lender of the money.