Quote from @Robert Frazier: It's a banner week for our fledgling development business.

These kinds of developments can be huge draws for both residents and investors.

Rising home prices for developers isn't new, but if you were in contract, what they did is most likely illegal.

It is the State capital so there is always economic development happening which drives job growth and demand for housing.

Hello Scott, developers require a minimum down payment of 30% and the balance in  to 9 months in a pre construction condo.

For example, I know a lady in my local market that is very successful in the land business and has developed a niche that cashflows very nicely, without a lot of stress, as she puts it though I can't imagine how that is possible. 

So, if a developer comes along and buys the mobile home park you will lose your entire investment.

I'm an investor and flipper in the city, and I work for a developer focused specifically in Lowell as well.

There is strong macroeconomics because of the growing population, job market, and the major companies moving and developing here.

Also, real builders/experienced developers will often have a true technician, i.e. a civil engineer, architect, real estate attorney et al at least glance at the property info to make sure there are no major red flags.