Then you build a pro-forma of soft and hard costs and your targeted return and work you way backwards.

When markets are soft and inventory is high, no one will build new houses.

In my area in Kentucky, were some real deals to be made 4th quarter 2006 and 1st quarter 2007 with it being a very strong buyer's market.But now, the market is a soft buyer's market and slowly transitioning to a balanced one I'd say sometime 1st or 2nd quarter 2008.

Ideally I'd like to hear the suggestions from the group of books that they have found helpful, and more importantly, have used in practice.I know that Wendy Patton has a book on this topic, but I just finished her new one (Hard Cash in a Soft Market) and I'd like to see who else may be out there.Thanks in advance -

With my local real estate market definitely on the soft side I believe I could find a wonderful deal on my next home.

It will kill the head and the spore and clean the area (as an added bonus it will leave your hands soft and looking great :D Thanks P&G).If the mold is too plentiful, you may need to have a remediation company get involved or demo the property.

What are the few "soft" emotional factors that you look at apart from hard metrics and jump out saying "Good Deal" Is it the agent who is vouching for it, other investors investing in the area, gut feeling, neighborhood.

A couple of key questions to ask yourself and to help other investors evaluate the deal:- What will be the total investment needed on the new development (i.e. land + build + soft costs)- Are you confident you will be able to secure financing for the build?

I'm hearing a billion things about freedom soft is it good to use or just  abunch of hype?

The deal would cost about 600k for land, construction, and soft costs.