I am a registered architect in Massachusetts and has experience in high-end residential and office construction in NYC, and currently doing freelance design build retail projects in Stamford, CT.I want to be a real estate developer/ investor, and without knowing about this great site, I went to NYU to study real estate development and finance (master's).

Absolutely, I will not make a move without due diligence and a full comprehensive study of my ROI.

I just bought a 4-plex (the story is here - How to Buy a Small MultiFamily Property: A Step by Step Case Study ) that I'm a big fan of.

Needless to say, I did not pursue a career in title in AZ.Instead, I became a Domestic Engineer (Homemaker) and raised my family and went to college and earned my Associates in Paralegal studies.

Have you been studying negotiating techniques?

I have studied real estate for many years reading a ton about the subject, but was always too afraid to jump in, but finally decided to just do it.

You should already have from your comps or market study estimates of what the property will return to you on an ongoing basis (if rental), or what it would return in a lump sum at sale.After debt is repaid you can figure your net profits to the overall LLC.

If you study the properties' financials real good and do your homework, then you can make your decision logically after that, then you will come across a deal and something would jump right at you.

Swiss Avenue in East Dallas has million dollar homes and up until a few years ago, 2 streets north and south of it were nearly war zones.

I would suggest doing a search on the forum on what ever you have studied, maybe someone has a cost efficient way to market.