Kevin and Rod, thanks for your advises.

But when you start spinning off lots you start to look like a developer and those lots look more like inventory - especially if you start doing entitlement or improvement work on the lots.  

Btw you need to leave those catfish alone and pick up a fly rod.

Especially if you will require any variances or special approvals, you can get a sense of the town's plans or sights for the future for that particular area to make sure you're not investing a lot of money in architects and engineers and lawyers if you are spinning your wheels.

You can spin it as a way to save taxes, or a better investment than they could get in the stock market (or whatever else they were going to do with the money), or a way to keep getting income from the property without any management hassles.Seller financing is a great example of the principle that you won't get something if you don't ask, but as with most things a soft sell is usually a better approach.

Interesting situation @Rod Desinord.

Pick a focus in RE and learn all you can about that strategy.Trying to do many strategies will often get you just spinning your wheels.

The first doesn't have to do anything.They can tell the second to sit and spin and just foreclose.The second THINKS they have leverage but they don't.It's common for the first to only allow 10%.

I can't tell if you really don't understand or if this is some serious marketing spin.

Not what it “may be” worth in a good market in 3-5 years…The basically free $150,000 for 3-5 years adds an interesting spin on the deal… It would cost you about $12,000 a year to borrow $150,000… And they are willing to give it to you for 3-5 years for less than $15k to $20k… That’s a deal!