Worse case you will be dropping on average $10,000 to replace the line.

Plenty of great stocks have had big drops like this.While your returns might be lower, sounds like it might just be better to sell this as a 4plex that perhaps it is and not turn it into condos or townhomes. 

While this is exciting and opens the door to opportunity, they really need investors to make the shift since they aren't used to buying the land and funding the build without the buyer already in tow.So I have an abundance of deals to do basically those parts, either develop subdivisions with all the horizontal infrastructure and sell lots, or fund builders spec homes in these developments, preferably all sustainable because a known stick builder can come in and build without any help.So if any of this interests you or you think I would be someone you want to know, drop me a message and we can talk all about it.

Plus, I believe some lenders may actually take issue with the binding language.Personally, I would take issue with the drop-dead date becuase this would force me to do my due diligence too early in the process.

Do you have a mail slot that they can drop it through?

You have quite a bit of margin to play with, so even if you have to drop the price, you can still make a very nice payday.Since is a individual seller, you should just be able to do an assignment.

-Fax or drop off the contract to my attorney and let them know who the seller's attorney is-Make sure there's Clear Title-Once everything is agreed to, have my attorney order Title Insurance and a Survey so it protect me if any old judgments or liens show up after closing also will need to know the name of lender before they issue the insuranceStep 10: Line up the money for the deal.

ahh thanks brutha, i'll have to have a look at that....guess I actually have to walk into a walmart :protest: i never thought about closing costs till I was discussing the property I wanted for my own house and the realtor asked about how I planned on working out closing cost and I was like ummm, uhhhh...I'm trying to get over the fear of the unknown and just drop a bunch of offfers on some condo/townhouses in my neighborhood.

Are we seeing the ceilings made of plaster or wallboard, or are we seeing the ceilings made from those little squares that are stapled up there, or two by three drop ceiling tiles?

If you'd like to explore options with other investors you are welcome to join us at our meetings any time (we happen to be meeting tmrw, see link below)I post our meetups on Bigger Pockets Events & Happenings Forum, use drop down menu & choose Long Island location