I would echo Gary and say things that I have seen in the SLC area seem to be moving really fast.

Gary Clark pazazz, I like that!

Millionaire Real Estate Investor - Gary KellerThe E-Myth RevisitedGetting to Yes - Negotiating Agreements without Giving inThink and Grow Rich (Not RE book, but still great)

I agree with @Gary Phillips .

Gary

I recommend this book by Gary Keller et alhttp://www.amazon.com/Shift-Estate-Agents-Tackle-T...Chapt 10 is creative financing.I show that book to agents, Chat 10, all about being creative with sellers and buyers, getting the deal done.

Gary,If the location is good for a Multifamily project, you basically have 2 options.You could design your project in such a way that it qualifies for your State's LIHTC (Tax credit) program.It boils down to developing and building what is basically a subsidized lower income project.As with all Government programs there are some very narrow restrictions there, but also some serious financial advantages.What I personally don't like about it is that it is a cumbersome procedure, and the outcome is never certain.Alternatively you could consider setting it up so it qualifies for a special Loan program that takes into consideration the value of the land once it is entitled.In normal English that means that you would get long term, fixed rate, non-recourse financing.So none of those F-words would apply; like FICO, Freddy, Fannie, etc.And if done properly, you would most likely actually get a check at closing for some of the value of the land.I will be more than glad to discuss further with you on the latter scenario.Hope this helps.Louis Bergman

Hi Gary - What area of Western NC are you from?

We bought a foreclosure with the help of @Gary Swank.I'd be happy to meet up.Also, you can still find good deals on the MLS, but they are somewhat saturated and the price can be a little bit prohibitive.Personally, I wouldn't follow either of those rules.

@Gary Grant Are you currently living in the property?