Been a lot of work and Lot of exposure financially I borrowed about 50 million to pull this off..

It's a million-dollar property.

A bit overkill ( another words waste of time  )  3- 5 is all that is needed, Hey I hope you sell a million of them and life is great, All the best But how would you pick those 3-5 properties to pull comps for?

We raised $4.5 million in equity and got $4.5 million in fixed rate debt from Freddie Mac at a 5.85% rate.

Even at a high cap rate you've got several million dollars of market value here, so I'm curious about your base numbers.

Quote from @Jerry Maliszewski: According to Fannie Mae, 10 million people will be moving to the midwest by 2030 all seeking smaller downtowns. 

We've made a lot of recipes we never would've thought of in a million years and it's convenient delivered to your door.  

But if you go over, you don't actually have to pay any taxes on the gift until you go over your lifetime gift exemption which is like $13 million, which i guess the IRS tracks.

If they gift the land, it falls under the annual gift tax exclusion ($18,000 per recipient in 2024) or the lifetime gift exemption ($13.61 million in 2024).

The average sale price for all new construction homes in the Charlotte region was $488k as of December 2024, so nothing less than $1 million is 100% false.