.- Boutique Hotels (Gulf Coast tourist towns or in popular/historic neighborhoods such as New Orleans Garden District)- Convert older buildings into luxury apts (Happening in downtown Houston!)

At least 20,000 square feet.I have a a reputable luxury home builder who specializes in building homes on hills and a friend of a friend that might be willing to pay for the project if the return is good.Which I have been told is a (can't miss) but I really haven't done any homework on that yet.

My area is cheap (Grays Harbor County, Washington, about 2 hours SW of Seattle) - the most expensive home in my town was $375,000 and it was a huge mansion with lots of land.

Of course we all begin with grand ideas of making millions, retiring to a big house on the beach (or in my case, a Victorian mansion deep in the woods), and living the good life.

I got a lead yesterday on a 2/1/1200sqft home on .3 acres that's adjacent to a 4.75 acre parcel bought last year for $4 million to develop high end apartments. When I say "adjacent", I mean it actually borders the...

My long-term goal is to eventually open my own luxury hotel, this is a very long-term goal though.

My long-term goal is to eventually open my own luxury hotel, this is a very long-term goal though.

Find a local bank or credit union, not a big national one, go in, talk to an officer and explain what your trying to do.Secured credit cards or loans are a great start, just make sure you don't spend more than you normally would, and pay them off every month.Debt to income could be a problem, so your going to have to build up your income so that you can afford to buy a house, it doesn't have to be a mansion, just a small house that you can rent out, that will also start the clock on your having 2 years of rental income (which helps).Don't go crazy applying for everything, you will end up with too many inquiries.

This was why the seller was so motivated to sell.The property itself will need $15k-$20k of renovation before it is inhabitable.Although the ARV was ~$120k and we could have marketed the property for as high as $40k - $50k ((ARV X 0.65)-repairs) , we didn't have the luxury of waiting around for the right buyer and decided to go with a lower price, especially given that we were able to get it under contract for $2,500From initial contract to closing at the attorney, 7 days total.

A broker who does as you described would get a pretty bad rep pretty quickly.If Cam's statement is true she did not make an offer in writing then she can just get her own broker who will right the deal the seller pays the commissions normally. although in ultra hot markets that may not be the case but I suspect things are not that hot in AL  I do a lot of business in AL  and yes there is competition from hedge funds for cash flow homes in some markets but anyone can buy a home especially if its MLS listed its not like this is San Francisco were you get 20 offers on a listing and its an all out bidding war.