The land is currently zoned for light industrial use and is occupied by several auto repair shops.

In fact, the rule of thumb in the industry is called the 50% Rule: that 50% of the rent will go toward non-mortgage expenses (vacancy rate, repairs, maintenance, insurance, property taxes, management, accounting, etc.).

At each property, whether a vacant lot or an industrial warehouse, he told the borrower that he should convert the property to medical offices, and that my fund would be willing to finance the conversion.  

@James Wise we will always regard you and your team as one of the leading experts in our industry!

got it my wife and I being life long in the industry this is of course never a question for us..

Hello everyone, I went to school for finance, worked for chase for a couple of years, studied for my GC license and got it. With some previous projects i did in the past. Quit my job and now i want to start my flippin...

ATX has seen rapid appreciation and strong population and industry growth.

I don't know quite as much as Detroit but I am pretty sure that prices there are still lower than they were in 2008 before the auto industry there collapsed. 

Thoroughly research the industry, field, business you’re interested in to see if there’s a “niche”, unique approach, unserved customer base, or anything similar that can be exploited to earn income 3 standard deviations above the mean.

Quote from @Lorenzo Lopez: Hello everyone,I’m a 20 year old aspiring multifamily syndicator and I’m looking for someone with who I can practice and role-play pitching deals to with a full presentation and answering tough questions.If anybody could help, would be an absolute honor and very appreciated.ThanksI recommend focusing first on gaining solid experience in the industry.