If you go to meetups, you will find friends and future partners.

In order to network with wholesalers and lenders the best way to go about it will be to attend the local REIA like The Greater Houston REIA and also joining the local investors facebook groups. 

Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.

A lot of lenders used to apply 35% for expenses, but in the last several years, the numbers for supplies, labor, utilities, taxes, etc… have increased significantly.Also take into account the age, occupancy and how has the property been maintained, this will affect the expenses too

This will give you some info so they are not guessing on what will be needed (they probably already know rough numbers, but each project is different).

I will make that proposal to the person I am talking and see where it goes.

Quote from @Josh Deschene: Hello All,This is my first post and I will try to summarize as clearly as possible.

You will NEVER cash flow while living there but have a chance of cash flowing when you move out.

It takes a lot of phone calls and asking around, but you can normally find a local or regional bank that is willing to work with investors on these types of properties.Mike

I will pay the money if I can do 1 or 2 deals in the next 4 months.