They barely lasted in California (they are based on London).The challenge is (1) you are assuming all listings have open houses and (2) there are a lot of moving parts that can happen behind the scenes.

I sent my first builder deposit for a home in Lehigh acres Florida in Sept of 2022 and the land is still vacant.  

The experience varies based on location, tenant management, and financing, but overall, it’s an excellent way to get started with minimal upfront costs.Good luck!

Value of land?

Some builders will purchase the land for you, some will want you to purchase the land. 

However, a common benchmark is aiming for at least 6-8% cash-on-cash return based on your total investment (purchase price + rehab + closing costs).Always factor in appreciation potential, tax benefits, and personal risk tolerance.

And a handful with 25 to 50 homes.. same thing I fund the front end of the BRRR and they refi and pay me off.My latest adventure is funding land flippers and I have two that are knocking it out of the park..

It would take 4 years to save another $100k before I could make another purchase based solely on the cashflow.

I was living abroad buying/selling real estate mostly land, and some land with structures.

Bonus depreciation recapture is based on the year that is placed into services.As of right now, the bonus depreciation for 2024 is 60%.It is not likely that they will change the bonus depreciation retroactively to 2024.If they change the bonus depreciation for properties purchased in 2025, it will have no impact on a property you placed into service in 2024.