They have about 250k left to pay off and the value of the home is around 400k (based off of Zillow).

🌲🏕️ 🔹 114 acres of outdoor fun, developed in two phases:🔹 Phase 1 (60 acres) breaks ground in mid-2025, opening fall 2026🔹 Budget: $8.7M for design, permits & Phase 1 construction 🏞️ What to Expect in Phase 1:✅ 1-acre dog park (separate areas for big & small dogs) 🐕 ✅ Bike trails & nature-based playground 🚴‍♀️ ✅ Scenic rest areas, restrooms & picnic shelter🏕️ ✅ Multi-use path along Eastfield Rd + parking 🚗 📍 Location: 13729 Eastfield Rd, Huntersville, NC 28078 📊 Real Estate Snapshot (28269): 🏡 Avg Home Price: $384,732(+5.1% YoY) 🏠 Avg.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

The price we thought was very reasonable in this current market based off the other properties we have seen prior to that with similar layouts. 

Northern New Jersey has very little land, therefore the price to buy land is too high unless you somehow get it at a great price.

Obviously tough to give advice based on minimal info and no info on your personal situation.

Your thesis is basically rent low and accept less desirable tenants so I don't think that is the best thesis to base an investment off.

One developer I worked with built smaller homes around a central courtyard, and buyers appreciated the balance of affordability and community.In San Diego, where I’m based, density has taken a different shape...like ADUs (Accessory Dwelling Units) that maximize land value.

We did a site walk with a guy recently who is building cabins in pigeon forge and he really liked Logan and we showed him land sites to build them out here.

Bonus depreciation recapture is based on the year that is placed into services.As of right now, the bonus depreciation for 2024 is 60%.It is not likely that they will change the bonus depreciation retroactively to 2024.If they change the bonus depreciation for properties purchased in 2025, it will have no impact on a property you placed into service in 2024.