If you do land one in the off season, build in 2x as much vacancy as you think or about 20% less rent than market for the first year.

Hi, I’m highly considering a mixed use building which includes a few residential units and a couple commercial units.

Home includes 2 lots so potential of building other home next to it someday.

So in less than 20 years you have to give the building back to the government?

If you’re looking to build long term wealth, accumulate assets, take advantage of tax code, and benefit from appreciation, then play the appreciation long game.

You can start by compiling a list of investors who appear on podcasts, reaching out to them, setting up appointments to talk, and beginning to build relationships.

Of course if you are required to pay off the 2% mortgage then your cash on cash ROI goes way down, but with a 30% equity cushion you’re still way ahead.I really dislike contractor for deed, lease option, or not recording warranty deed as “solutions” for the due on sale clause.  

This will let you build some relationships and know who is who.

These buildings are available for sale from time to time.2.

I could complete the main road in phases, build 2-3 at a time (could do more really as we have 15 right now actively being built but realistically not sure how fast it’ll sell.