Land has been for sale 100 years with no for sale sign and you drive by it every day.

This is due to the fact that the property appraiser is reassessing the value after the sale of the property.

Keep in mind that accelerated depreciation increases recapture tax (taxed at up to 25%) upon sale, though this can be deferred with a 1031 exchange.

I work as a property manager in my 9 to 5 and see the power of real estate!

For example, one exemption is tied to your total revenue which is $5M in gross sales or receipts in a calendar year. 

Certain neighborhoods will have what's called a POS or Point Of Sale inspection.

We came to an arrangement where any sale price over $1 million, minus construction costs, would result in a profit-sharing opportunity.I’m currently trying to determine the After Repair Value (ARV) for the property but am having difficulty finding reliable comparables.

Purchase price: $170,000 Cash invested: $60,000 Sale price: $280,000 It was my first project.

Also consider contacting houses that look vacant, simply door knocking in a neighborhood that you are interested in and talking to the homeowners in a genuine way, For Sale By Owners is another potential, using an App like Nextdoor or Facebook pages/groups related to local real estate and just telling the group what you are looking for, contractors also know about houses coming on the market soon and so do property management companies, and finally garage sales are a good way to find off-market properties as people prepare to sell.To Your Success!

What is interesting though, is that rental homes that are listed for sale are sitting a little longer.