When researching property and doing your due diligence I’d request the tax information going back 3-5 years to get a good feel for what that local jurisdiction is doing with regards to taxes.

For example in many jurisdictions I can STR units in a duplex but cannot STR an ADU (some jurisdictions will let you STR if you owner occupy).

Bank financed How did you add value to the deal?

Bank financed How did you add value to the deal?

Unless I think I can time the market, I am going to keep deploying my cash in something better than that.I am also bearish on treasuries, which I think will generally see yields rise (and values decline) on anything with longer maturities (yield curve normalization and long term downward pressure on the ratings/"safety" of US gov't debt).All excellent points- I agree with you on assumable mortgages, but I think the challenge is that most of those are owner occupy and the banks typically won't allow them to be assumed by investors.

If I have to goto the bank, then the mortgage terms are going to change as it would be change personal mortgage to commercial.

As mentioned you can do a lot with outdoor space without breaking the bank.

Private lenders or bridge lenders may also be a good fit, as they tend to offer more creative solutions compared to traditional banks.

Once you know your price range and what you want to put down if using financing you can typically have a bank approval same day.Once approved if not paying all cash you talk with your agent or even self-explore and use the listing agent in most cases.

So, for example Washington might survey a 1 million acre estate, offer to purchase 550 premium acres (or accept such as payment for his services) and “bank” those 550 acres for future development.