Each step you take reveals a new horizon.

Emilio R - I know that there are probably 1,000 other posts here on BP about spec building, but I was just curious (from the generic example above) if you, have found it possible to do spec homes (or have known others) who honestly manage to pull off consistent 30% returns on specs and/flips.Ex: Sales Price $450k ($135k profit) #'s adjust for any area/marketThe reason I ask is because - *in a perfect world* - it seems like a no-brainer business when a 30% return could mean an 80% + cash-on-cash return if the initial equity outlay was a 'respectable' 50% down.In other words, without walking on a thin blade of <=20% down, it seems that incredible returns can be made over and over if given a year's-horizon.

This is why they blow and pop bubbles everywhere they go, with the smartest of them watching the crowd while slowly backing away unnoticed as the crowd heads over the horizon with irrational exhuberance and into the slaughterhouse.

Our investment horizon is longterm, and somewhat conservative as we're learning the ropes.

Good morning BP World,I have some exciting and nerve racking events on the horizon and I need some advice! 

- Check with the management company to see if there are any Special Assessments on the horizon.- Thoroughly study the building's financial statements and check how much in reserves they have.

Broaden your horizons, an 800 sq ft box is not really in big demand by landlords or home buyers.

Also, I am certain there is an eviction somewhere on the horizon if I keep up with the class, not sure when.I know that real estate is local, and that this is going to vary greatly from market to market, but I'd like to hear your opinions.

If I were you, though, I'd do my due diligence on about 5 of the top real estate crowdfunding sites and pick several investments that you like and understand and invest in 3-6 projects with shorter investment period horizons.  

Both these buyers have a much longer investment horizon that individuals so the appreciation is inhertient.