You take every piece of information and spin it one way.

In 2021 we bought the building for $1.5M using private lenders, pushed the occupancy from 50% to 80% occupancy and it appraised for $3.125M, allowing us to pay back the private mortgage.Right now, we are in the predevelopment process of design and piecing together the capital stack for the redevelopment deal, which will be made up of historic tax credit equity, RestoreNY Grant, DRI Grant, etc.

@Travis Boyd Outside of instances where FHA or other extremely advantageous financing options exist I am a proponent of the LLC for investment real estate although the liability piece is overstated.

Like I laid out in those points I’m not gonna pay someone to go to the store 4 times at an hour a piece when they could do it in one trip.

My first piece of advice is to find a market with what you are looking for

Linda is a great gal and her magazine is a marketing piece for these type of business's.

Sometimes even 7 or 8% lenders are had to find for 3 or 5 years much less for 15 or 30 years. exactlybut im sure its possible because people are doing it Possible yes, but there are a lot of complexities and moving pieces - this is generally the lending business model, not a simple "arbitrage" glitch or easy scheme..

If so, what would make u buy a piece of land vs a house?

My best piece of advice is to buy a house with an existing permit.

You’re piecing together a bigger puzzle here, and every connection and conversation helps you fill in those gaps.