So now you need a development loan once you have your plans approved.. most folks that do land try for owner financing while they get approvals then go for 3p loan once you have an approved project or JV with cash partners.. thats what I do I am a JV cash partner no loans I dont need loans to do these land deals..

There is no reason to own property, no reason to ever cook for yourself, no reason to own a car, and no reason to ever be bored.

After I was informed this, I pushed the wholesaler hard as their was no contingencies and I was pushed for a 10 day close.

Purchase price: $187,000 Cash invested: $15,000 Sale price: $259,000 I got tired of moving place to place and worrying about finding roommate, security deposits and not having enough money to deal with maintaining someone elses home.

No, he's not an architect, he drew all designs, floor plan, site plan, etc, and we had a structural engineer design his part, and paid an architect to sign off on them.  

It's a more involved discussion that requires one on one communication and no, joining a "community" does not prepare you.

With no appreciation, you will have less than 40% LTV and with modest appreciation you will have less than 30% LTV.  

Didn't read a question there, but no I don't know.

When I started there were no disclosures.

Hi Preet - Great questions and I'm sure there are some folks that may be able to provide some more concrete yes or no answers but my sense is that you may not be able to realize a lot of tax benefits if the value of the thing you are describing isn't very high.