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RAW Land & Home
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Joint VentureDecatur, TXHold: 6 months

Wise County: JV with Landowner Produces 9 Land-Home Packages in 6 Months

Landowner contributed 14 acres outside Decatur for 40% equity. RAW Developments executed the build-out; the project sold out in 6 months across owner-occupant and investor channels.

Margin
$612k
Units
9
Hold
6 mo
LP Multiple
1.9x
Run my numbers Investor Center

The Challenge

Landowner had legacy acreage with no path to highest-and-best use. Traditional builders wanted to option the dirt for 18+ months with no guaranteed close.

RAW's Approach

  • 1Documented a Texas LLC with 60/40 split and capital-call waterfalls.
  • 2RAW funded entitlements, utilities, and 9 manufactured homes; landowner contributed the land at appraised value.
  • 3Marketed packages on RAW's MLS and investor channels simultaneously.

The Outcome

All 9 packages closed in 6 months. Landowner distribution exceeded a comparable cash sale by 1.9x with no out-of-pocket capital.

"I kept upside without writing a check. RAW ran the project like operators, not promoters."
— JV Landowner Partner, Wise County
Next Step

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