Sorry, I should mention that I have the property under contract for 185,000 should anyone need that to help understand the raw numbers.Scott

Again, I merely ask this b/c it is my first go at creating value from the raw land up....building it vs buying it.  

The raw numbers are combined value 1,070,000, loan desired $810,000, gross income 134,900. 

He says every time you flush the toilet the air starts to reek of raw sewage and you can see bubbling on the ground above where the pipe is.  

Hi @Kent NewmarkYou're probably all over this but buying a tear down is very different from developing raw land.

I'm on the other side of the table from most of you guys, looking to sell and am just wondering how attractive is it to have OF on a seven figure sale?  If a buyer/developer can raise the capital to develop this land,...

I am looking for GCs that can do SF and MF, can do a new building on raw land, full rehabs of beat down properties, and touch-ups, and require little supervision.These are some characteristics of what I find is a good GC: Provides estimates of rehab works that come reasonably close to actuals (firm bids would be a plus).Is able and willing to do cosmetic work as well as studs-deep rehabs.Has a dependable crew(s) and is known to hit targeted completion dates.Is knowledgeable of Houston / Harris County permitting and inspection requirements.Please PM me or email!

We have did a few cabins, have swapped logs or raw lumber for hardwood flooring or other building materials , If you have the right logs see if you can trade part of them for a cabin frame .

THis is common when they have a non industrial size property with a  home on it and a RE agent just comps it like its a home. and has no clue to the timber value.The other way you make spreads in raw land is conversion of use..

I signed a purchase agreement through a broker to buy 15 acres. The land is 15 minutes from Bixby, Oklahoma. From what I understand the property is going through the probate process. I signed the contract January ...