Land Entitlement is one of the riskiest Real Estate investments for several reasons:1) High Upfront Costs with No Guarantees: We spend tens of thousands of dollars on due diligence to ensure the property is suitable for development.

By way of example, a lender may charge retainage, only release soft costs upon C/O, may limit loans to a set number of draws or only allow draws once a certain dollar amount of work has been completed.

There’s a lot of valuable information out there without spending thousands of dollars.

Their home in Waldo was also a great deal a Duplex they found for $210K and now getting $1250 a door since it needed renovations.Some advice is be careful with what you by so that you are not paying top dollar or market price for a home that someone just renovated.

You should pay 10k to 15k or less for the service.  10% on a million dollar build is beyond silliness to me.For 100k to 120k in design fees, I'd want the Property Brothers themselves to come down and design the thing. :-)

If you don't believe it, go to the BP calculator and run a million dollar property with 10k rent and 3% appreciation and see what happens after 30 years.

I have sold over $200 million dollars worth of these types of properties in the Cleveland / Akron market and guess what?

I have had clothes with holes in them going to work when I had a job because I didn't have money for food not alone 10 dollars for more pants back then.I went out to Barnes and Noble bookstore and started reading in the store.

In order to accumulate the total number of dollars/month you need (notice I didn't say properties), you need to work your way forwards using your equity, buy selling properties that are accumulating equity through appreciation. 

Sales are tough to come-by and I won't give up my hard earned dollars just to anybody.