I was looking at an attractive rental but it looks like the land value is 75+% of the value, so I would be paying a ton get very little tax benefit. 

What's up fam I go by JAM. New to real estate investing and would love to learn where to go for the best resources in how to get started. Been doing wholesaling off and on with little success but hopefully more time t...

Hey everyone, I am wondering if anyone else is out there that purchased land at auction in Deltona FL.

Yes the house was  $2000 from Wayne county Land Bank.

Businesses with tons of cash: bars, check cashing, payday lenders, casinos, car washes, vending etc.Then the return's contents are analyzed using the Discriminate Function standards.

Number one, do you have a comp from another land lease property.

And your net worth will thank you.If you still want to go ahead, you'd be better off buying a house than an apartment because, while the value of the building itself will go to 0, you'll still have the value of the land, bearing in mind that the land might actually lose value too given the depopulation and the yen depreciation.Sorry if I'm pooping a party but make sure you understand what you're getting into (which you're already doing by asking the forum) and then make the decision that's right for you according to your objectives.

But to buy land just to add more units, for me is a pass.

You'd learn and potentially earn a profit at exit.Another way is to wholesale the land.

Answer sure.. have to check if there is a due on sale clause or if you have a PG to the orignal seller.. that mortgage stays in your name unless there is a formal assumption  Maybe the example is more challenging for a house as the property.Ex. with vacant land - seller finances to me $20k with 5% down and $1k/moCan I after 1-2 months, then resell the land to a cash buyer for $25k, pay off the original $20k and pocket the $5k?