Instead of capitalizing all expenses prior to the in service date, he categorized them by nature of work.

That's not in my nature and I'd like to pride myself on integrity.

However, the LTV being so low certainly protects your principle.Judging from the numbers on your last reported spec build, if that process is followed here, there should be plenty of profits and I like Bill's last structure idea, seems to deliver you good returns along with security for profits in the lots you hold back so that if the builder screws up, you still hold lots you could rock and roll for the additional profits beyond your 10%.

I would simply point out that human nature leads some to ask questions simply to hear what they want or need to hear.

Frank Gallinelli I am in complete agreement with you. 100% results in higher cost of money - naturally.

Once you have all that data in place, a plan should start to form that naturally makes sense for you.

Not sure if you are asking your question in a general nature or specific to a property you are interested in, but for smaller amounts such as that, it might be possible to get some owner financing, or all of it financed by the owner.

(Stockton and Table Rock)I was selling cars at Springfield Infiniti for some summer fun (and it was time to get a new car and best way to make sure you get best deal is work at dealership) I love Springfield!

., if a seller owns the property outright, he would, very naturally, want to sell it as close to fair market value as possible and, thus, unwilling to take a loss unless they were motivated?

Sounds as though you are going to rock this investing world!!!