Strategic pricing and market positioning were key factors in increasing the property’s value.

I am considering working with a property developer in NJ to buy land, build a duplex/triplex and sell it (6-9 month time horizon).  

Hey @Scott Vaeth,That 6% tax hit in South Carolina is definitely a big factor to account for in your BRRRR strategy.

Your deterrent factor is higher, the tenants seem to like it, and you can even monitor what's going on remotely!

As real estate investors and property owners, understanding the broader implications of this development will be key to navigating the opportunities it presents.Anduril Industries and Its Expansion PlansAnduril Industries specializes in advanced defense technology, including artificial intelligence, robotics, and autonomous systems.

There are good relations with the neighbor so this likely wouldn't be terribly difficult to pull off, but I haven't ever developed a property from scratch so I would definitely like the opportunity to partner with someone on this to help ensure the success but first I want to finish the smaller property to have sufficient funding available if it is needed.

You could try typing developer on to the search magnifying glass in upper corner.

Property Valuation:Investors look at a variety of factors to determine a property’s value, including comparable sales (comps), rental income potential, and location.

This is an additional step that would not be present for developing a lot where you are adding value.  

Considering doing a 75% cash out refinance > 30yr 7.45% interest rateIn what situations might the 50% Rule provide a misleading picture of a property's financial health, and when would relying solely on the DSCR potentially overlook important factors?