In this approach, the taxpayer calculated that the cost to construct a new building (say, $300 per square foot at 2,000 square feet, totaling $600,000) should be allocated to building and the remaining balance of the acquisition should be allocated to land.Rule of thumb method: Some taxpayers use a predetermined percentage (such as 80/20 percent, 70/30 percent, etc.) for improvements and land.

Ongoing construction projects valued between $26 billion and $30 billion fuel employment opportunities.

I came from the Construction Management industry and my ego lied to me.

The most profitable area of real estate in my opinion is new construction... that way you can literally build sweat equity... at least that is what I am focusing on!

My thinking is that I can’t sell it now for its full value, given that it’s going to be in the middle of a construction site for most of the next year.

Thank you, Sean ohio is one of the cheapest new construction markets.

Depending on which article you read, there's between $26B and $30B under construction and in late planning stages in the metro area.

A typical 'rent to own' scenario constructively creates a contract to purchase. 

And high quality new construction that is not in the South.

Depending on the construction of the building (block or stick, etc), you will want to test the connection strength.