Hi John, When you say rehabbing land, I am assuming you mean re-zoning and selling the vision to an investor or buying land and subdividing it?

This means, IT IS TIME TO BUY!!!

We are looking to buy a residential, multi family unit.

One thing to add is that when you buy a new build, your PITI will likely not be factoring in the correct state tax number.

If the trade value of an old shopping mall is less than the build cost of a new storage space or warehouse, then it doesn't make sense to build a new storage space or warehouse, just buy an old shopping center.

I'm just beginning but am considering a bigger commitment in the next five years or so by accessing some or even all retirement funds to buy a building (I'm sure people have thoughts on whether or not that is a good idea!).

Having said that, I think it is equally unwise to buy a property with negative cash flow let alone rent less than the mortgage.

During period of low interest every post on BP was about cash flow - now that cash flow upon acquisition is dead the only option is equity which is also reeling because price appreciation is finally back to realitypersonally I buy for growth because I buy to hold for 10-20 years or longer.

Hey Cyprien, I'm a realtor in the Richmond Area and focus on helping others with investment properties as well as buying for myself.

I would sell then buy in a better location.