Single family has more stabilized as there is not enough people who can afford homes.The purchaser is two very distinct types of groups who buy MF vs. single family and single family is bought to own and occupy, MF is bought to generate money.

@Mario Morales - As some others have said I think the strategy is sound, but the key would be to find a distressed property that you can drive up the value with renovations so that the new value is 25% higher than the purchase price so you pay back your HELOC.

There’s usually not more than one investor with interest in any parcel so there’s is absolutely no incentive for the investor to pay a “wholesaler’s fee” in this scenario.In the scenario where the land is ready for development, and the economic conditions make development a profitable activity, the land owner has already been approached by the developer or multiple parties with offers to purchase.  

You can increase returns with leverage (that is a mortgage) or with value add (renovations, additions etc).I think cap rates (rents minus expenses divided by purchase price) on commercial and industrial is higher with less work involved, but its more expensive than I can afford--so I know next to nothing about that land.

Hey James, I haven’t purchased land in Davis Park myself, but I do have clients currently flipping a home not too far and there's a lot of new construction happening in the area.

I've personally found the bulk of my Chicago purchases off the MLS.

That ensures you don't spend it on other things and that you know exactly how much you have available to spend on the next purchase.

Someone who can't save up for a new purchase every year but still has a lot of desire for growth in their area of expertise.

I was able to qualify for about $95k in 0% business credit cards (for 12 months), I then liquidated the cash and used a portion of that to obtain the hard money loan that covered the balance of the purchase cost.

., allowing investors to purchase properties at a fraction of the cost compared to cities like New York, Los Angeles, or Chicago.