Investment Info:

Other wholesale investment.

Purchase price: $6,500

Sale price: $8,000

Nice wholesale deal. Joint Ventured with a few partners to get this done.

How did you find this deal a...

The land is blocks away from Rockhurst University, UMKC, and the Plaza.

That's "no-man's land" in multifamily. 

And of course its not all little house flips.. we have bare land flips going ( really like that ) and we have development deals going  those are right in your neighborhood :)  And of course are much bigger deals more like 7 figure fundings for housing subdivisions..

This would probably be about $300 in my area to contract out if the walls are otherwise in good shape and there is no trim work.

A quick question on subdividing land: how does it affect the tax on that land after subdivision?

What makes NJ good is being in areas with favorable land lording laws and proximity to transportation/NYC. 

Land flipping or developing3.  

We purchased a property, signed contract for a 45-day SoW (cosmetic rehab, add AC) and after about 30 days it's been radio silence.We have been pretty patient and now at 60-days past closing we've engaged another local PM who is going to be re-keying, assessing rehab status and taking over from here.I think similar to OP there's nothing particularly nefarious or shady going on here, but the follow-through and ability to land a deal is significantly lacking with this team.

Very little land available for proper zoning or pricing.Realtor/Owner of property offered to us at $900,000.