This Water Street property in Delphi, IN, was an attractive investment due to its low purchase price of $21,000 and the potential for significant value addition through targeted renovations.

Hello Kyle,There are lots of things to consider, and there are lots of different types of Zoning for residential.For example you could be zoned residential, but the minimum lot size could be 1 acre, and you are buying 1 acre, in that case you wouldn't need a developer, you would just need a builder.For example, lets say you have 5 acres and a perfect rectangle property, that has an existing street that runs the long ways of the property so you won't have to put in any streets, you will simply need to get with a surveyor, figure out your minimum lot widths from zoning, and file with the municipality to get your property subdivided into lots.Once you have subdivided lots, you can either sell the lots outright to a builder, the cleanest transaction.Option 2, you could try to partner with a builder so you can split the profits, most builder's will want you to guarantee the loan, and still charge a build fee before profit splits.Option3, you can hire the builder, obtain the financing, and keep all the profits.Option 4, you could do any combination of 1,2, and 3. 

Purchase price: $190,000 Sale price: $250,000 Contributors: Peter Vekselman Partner Driven, in partnership with Seth Choate, purchased a home on E Ingram Street in Stockton, CA, for $190,000 on 09/30/2018.

They can rent one if they want. 4 bed 4.5 bath 160k gross income 2021.

Hard money loan from Easy Street Capital How did you add value to the deal?

I give 25% upside to home field advantage, meaning the property is local, I know the streets/neighbors, and I can see it touch it smell it any time of the day. 

We're closing in a couple weeks on a 5-room motel in the Tahoe area that also has a 4 bed / 2.5 bath / 3000 sqft SFR "manager's unit" that will be our primary residence. 

If you are backing up to something that isn't an eyesore or a busy street leave it be.

We just say we rent out a bedroom in the basement with a private bath and they have use of the kitchen & Rec area (livingroom).

The last comp from down the street from 06/2024 is 412,000 ( same sq ft bathroom bedrooms).