We are fortunate that land development is something we've been doing for several decades, but each site presents its own challenges and rewards. 

It all comes down to the actual opportunity presented, and understanding those risks while balancing the possible reward.

Hi Anne,It all depends on your own goals, if you really believe in the area, have done the work and have come to a conclusion that your money is used best in an asset here, then do it.Theres no reward without any risk.

I know probably several hundred co-brokes and I have worked with many as an investor before I got licensed and started a team.A combination of several reasons: Real estate agents are in an industry that is easy entry and it rewards networking much more than actual skills (let that one sink in), because consumers don't know how to vet agents and it becomes mostly about trust - so you work with your friend's cousin, because he said she's great.

From there I told her I was working with the drug task force to shut down the illicit activity in the area and I would personally give her a $500 reward if she identified any of my units that were dealing dope!

When you prioritize your guests and pay it forward, you’ll often be rewarded in unexpected ways.

This kind of creativity (or a massive pile of cash) is what's needed to "Cash Flow" in the near-term with a Boulder investment, but unless Boulder dramatically reverses course and halts the NIMBYSM that stops new construction in it's tracks, those who hold on for the long-term are likely to be highly rewarded. 

I have basically 1) rewarded poor tenant behavior 2) tenant has no eviction on their record making it more challenging for a LL to determine that the tenant has been paid before and seeing it worked so well is likely to repeat the same $hit.  

I'm hoping taxes/insurance aren't part of the loan so that I can put some credit cards to work and leverage rewards etc.Also, I've seen 1st lien Home Equity Loans, but not 1st lien HELOCs; hoping that product exists, at least via credit unions etc. 

It's hard work but very rewarding.