All Forum Posts by: Kyle Langston

Bought a 200 acre square 2-3 years ago for the purpose of farming. After talking to a realtor friend of mine, he suggested breaking the land up and selling smaller plots to turn a profit instead. But, after talks with a partner of mine, we are wondering if developing it wouldn't be our best option. The land is just outside city limits, 5-10 minute drive. Paved highway frontage on both sides. More effort/input aside, what are some risks I'd be taking on, by developing, as opposed to just splitting the ground up and selling plots?

Hello BP group. I am looking to get into real estate investing. I’ve spent the past few weeks researching. Reading books, watching videos, etc. I recently came across an article talking about using a county delinquent tax roll to find off market deals to approach. Is this a viable approach and what are some of yalls experience with this?

Edit- I believe I can make an existing room in the house into a 3rd bedroom. That would make it a 3/2 and probably increase my arv and rent that much more. Has tons of storage in the form of a small building in the back yard.

Hello everyone,

I am looking to get into real estate investing. I’ve been reading books, watching YouTube videos, reading articles, etc.

I have found a property local to where I live. The property is very dated, needs a bit of obvious work. I’m going to look today with my cousin, who is a contractor, to see the extent of the work. The man that owned it passed away and left it to his children who clearly have no interest.

It’s listed for 45k. It’s a 2 bed/1 bath house, 1389 sq ft. I believe I can offer much less in cash and possibly get it. I was thinking 30k. Maybe 20k rehab. Possibly increase the rehab cost with another bathroom. I’m thinking arv around 80k-ish and rent for 700-800. Insurance and taxes come out to about 650. If all my numbers are right, I’d be around 7% coc before the refi.

This will be my first property. I’m just nervous. I feel like it’s a good deal. But at the same time, if it was, wouldn’t it have been picked up already?