The tub guy was spectacular!

The CoC ends up being around %12-20 depending on the property which I'm sure you'll agree is spectacular for the island.Let me know if you would like more infoThere are also a number of reasonable properties in the old city right now being offered for sale, three pop to mind immediately, I can send you the details if you like.Cheers!

I kick myself to this day about all the spectacular opportunities I let slip from my inexperienced fingers.

However, if you can wait 12 months and live there the loan terms are spectacular and the mortgage is assumable.

There's also a new tower going in near downtown that is supposed to be some architectural spectacular.

The issue you'll run into with 3 lots is even if they are finished and permit ready, unless this is a spectacular location, no national builder will touch it because there aren't enough lots and a local builder will likely want to defer your money until the house sells.Buy it at 2k per lot and expect to hold unless you're going to build.

@Adrian Schlueter I once found a property in a hot section of the city with spectacular comps.

One spectacular part of the world no doubt.

The returns per deal are not spectacular but the yearly is.I also do multi-family deals with 1 year hold times and get 70%+ split because of the longer hold.Don't get hung up on the split for the first deal.

Adding in around $10k of holding costs/commissions I expect my pretax profit to be $35k.Not as spectacular as some of the spec builds I've been hearing about on here, but it's my start.