Then when rates drop, you can refinance and bring the payment down instead of competing with the masses as prices climb.

I would not bring on a partner, what I did is just hire a manager to manage the boots on the ground and pay them X per project.

:)There's lots of opportunity in the development and construction of a new site - and a thousand places to suffer financial cuts and bruises that can bring you to your knees.

So if I had an all in of $100k on a project, I would bring $15k of that and they take care of the rest. 

@Joe Jor brings up some great points and I like his suggestion for contacting the building dept.You may also be able to negotiate credits or for funds to be held in escrow - until seller removes open permits, violations, etc.Lastly, for estimates on the work that will need to be completed on the property, you could also contact an expeditor who services Westchester.All the best to you on your search!

Now he's got a sweet setup that's bringing in steady Airbnb income.Given your interest in alternative investments, I think there's alot we could chat about.

Hi Luis,Nice of you to help your family by bringing fresh ideas. ;-)I recommend picking a different hero photo.

Also there's a down payment assistance program (still trying to understand) which is how you're able to get the project 100% financed and bring very little capital to start.

Maybe bringing your RE portfolio closer to 50% allocation.

When coming from contribution, people sense your sincerity...and the world often rewards you by bringing you leads.