I’d love to hear about environmental assessments, soil tests, and any other pre-development evaluations

Quote from @Sonja Revells: @Chris Seveney primarily Padsplits  I would speak to a few lenders first before going through all these hoops, as I started to do this then when talking to banks they were basically telling me either get a secured mortgage as they will not lend to a real estate company on unsecured credit/debt.

For that reason I built a full-functioning cash flow model taking into account hard money, the mortgage refinance and all relevant operating expenses to assess monthly cash flow.

Those losses can be substantial, by the way within an HVAC system-Again I doubt these technologies would hold up under scrutiny within a court of law because all it takes is one person with even a basic grasp of principles of engineering and you’d find an easy 10+% delta in these systems’ measuring abilities.

There is a cinder block structure on it now that is basically a 1BR, 1BA shell with plumbing fixtures, but no kitchen.

I can see sharp investors talking to these folks and just basically talking the seller into cancelling and coming with them as they will pay more..

Everyday RE investors achieve success with just basic math skills.

For water, is it best to hire a plumber to come out, turn on, and assess?

Secondly is to outsource everything to a professional so you are basically acting as the developer/project manager.

I would not sell unless you have another place to move that is basically paid for.