Currently Renting (Sold a fix n flip a few years ago) looking to buy land with cash (30k or so) and put a new modular home.

.❌ Legal Risks – Chicago has strict landlord-tenant laws.

I leveraged my owned land to build my personal home.

I liked this land too much.

I invest in land and have done entitlement/zoning and other DD work successfully for years.A broker called me this morning on a property I have on a busy interesection and has a QSR client who likes the location, but does not want to do a ground lease, only a build to suit. 

Quote from @James Jefferson: Hi, I have a family member that had a reverse mortgage on their property it's a 3b 1b 1 acre of land heats by oil no hvac and on well water.

This is due to all the foreclosures that have been tied up in land court since the pandemic. 

Please double check this and make sure that wasn’t the amount for the raw land prior to the build.

I don't Atlanta is too landlord friendly and the demographics shift it harder to do business everyday.  

Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.