In some areas farmers are buying back land they sold to developers several years ago for 25-50% of the prior sales price.

This is a key skill you will want to develop if you wanna play in the rehab market.

If you trying to become a serious investor, work on developing the tools you need for yourself which is figuring out how to evaluate real property and not be so dependent on a real estate agent for all your answers who may not know more about the topic at hand than you.

Every broker and developer that comes by starts off with how bad things are, and how I should be glad to be getting anything.Thoughts

As you develop a better understanding of your strategy, make sure to post your questions on the forums and get involved here at BP.

It consists of coordinating with our current network of wholesalers, bird dogs, and agents to do preliminary evaluation and qualification for buys, develop new wholesalers and bird dogs, develop alternative buys, develop in house direct buys, and package and sell in house wholesale packages to our affiliate investor group.

Neighborhood has little pride of ownership, drug activity, etc. there are jobs as its next to a large prison, schools and hospitals.Rents really cannot be increased as there are new developments renting new 3bd homes for as little as $600.Tenants are typically short term and if screening is tough the units remain empty.

Neighborhoods around new sports stadiums, city parks, and "town center" type developments become desirable very quickly.

During development our contractor put a lot of dirt to level the lot.

I started off buying rentals, and then moved to other strategies like land development, spec building, note buying, wholesaling and rehabbing.I currenlty do rehab flips which is the large majority of my income.