Your concerns are well-founded.A major problem is that there are very few folks in these areas that can obtain financing.

On the other hand, the majority of the risk is passed on to the buyer if you're wholesaling it.

Before you explode like Starbucks, a few words of caution: Have a set amount of money in reserve for turnovers, repairs, vacancies and major issues.

I’ll be happy to supply numerous examples, as I receive these email distributions constantly from commercial guys.I return to the fact that it’s noteworthy that a large percentage (a majority at the other large Memphis company, per their site) of sales at large companies are completed using private lenders at interest rates you've indicated previously are in the 8.5-9.5% range.

Assume no major maintenance items, but allow for some minor items.

Of course every market/city is different but it gives you a good idea of what is flying with the major banks ,etc in terms of discount off list price.It would also be interesting to know what terms are being accepted as well.

It’s a major rehab, don’t misunderstand, but it should work out very well.

Price per square foot ballpark they expect to pay, beds/baths/size/condition - major rehab, medium or light, etc.Do so via email - you have my email address.

Since you have just completed a rehab on the property, it should go for a year or two before you incur any major expenses.

I know on average what your property is worth based on what they will put in there.Granting them an easement is a joke for free.You have to remember I worked for a major developer on a big project for almost 3 years.They go and do strategy before meeting you on how to manipulate you the seller in their favor.We would meet 45 minutes early before meeting with the seller and talk strategy before they got there.I had to keep track of and negotiate with over 20 sellers of parcels.Do not let them hurry you into anything.Don't let them tie up the property without going HARD on the money.40,000 free and clear every year is not bad but you could get a lot for that corner.With land I go by USABLE SPACE.For the developers layout they could own 23 acres but how much of it can they use??