Im told by the local planner verbally that I could build a 1700 sq ft town house on it.

@Andy Mirza Basic comps in this part of town of silverlake go for mid millions.

A few bought notes (1st mortgage) thinking they own the estate found out the people who sold them the notes changed the names on the title to theirs and fled.This happens more on property managers who manage and pay mortgage for out town investors.

There is new construction going on and that part of town seems like a better investment option. 

Although a flip in our town would work (I’m going to call the owner of a vacant off market property this week).

Would love to meet up next time you come into town. 

Think of it as your commercial zone in your town.

I heard/am attending a good event over in Trenton next week for the meet up "Mercer County Investors - Explore Wealth Creation Strategies".

Key things to consider/evaluate in any geo area: job growth, population growth, major employers in the area (ensure these are permanent ones, f.e. hospital), town/city population size, supply vs demand for housing and what type of housing.

We are exploring a new daily podcast that features a panel of experts answering your questions about real estate investing.BUTBefore we can produce this show, we need questions!!!