Investment Info:Single-family residence buy & hold investment in Tampa.

Buy your next deal using a traditional mortgage and your own name.

Investment Info:Single-family residence buy & hold investment in Lenoir City.

You need to have enough money, probably in the $100-150k, amount to put the property under contract, and do the feasibility study on the property, Phase 1 Environmental, Property Drawings for roads, water sewer, and utilities, and have a completed budget so you know what your costs are.At that point you can go out and attract investors, I don't thing that developing raw land is necessarily cheaper than buying discounted finished lots. 

Hello Kyle,There are lots of things to consider, and there are lots of different types of Zoning for residential.For example you could be zoned residential, but the minimum lot size could be 1 acre, and you are buying 1 acre, in that case you wouldn't need a developer, you would just need a builder.For example, lets say you have 5 acres and a perfect rectangle property, that has an existing street that runs the long ways of the property so you won't have to put in any streets, you will simply need to get with a surveyor, figure out your minimum lot widths from zoning, and file with the municipality to get your property subdivided into lots.Once you have subdivided lots, you can either sell the lots outright to a builder, the cleanest transaction.Option 2, you could try to partner with a builder so you can split the profits, most builder's will want you to guarantee the loan, and still charge a build fee before profit splits.Option3, you can hire the builder, obtain the financing, and keep all the profits.Option 4, you could do any combination of 1,2, and 3. 

But, you can use it to buy a 2-4 unit (2 unit are much easier then 3 or 4)or house hack a single family meaning live in the house and rent rooms to friend having them pay you mortgage for you.

When I used to go to auctions it was pretty clear when a couple was bidding to buy for their personal residence, and you didn't bother to bid against them. 

When you hire people to work in your business you are buying their skills and time.2.

Got $100k business line of credit with 710 credit score to buy some more properties.Do you think it is better idea to buy a rental house (worth $70k) with the credit card paying all?

Congratulations Angel, home ownership is the pillar to building wealth in my opinion.Continue building equity, buying rentals and before you know it, you wont believe how far you've gotten.