I would have to investigate the area to make sure it is zoned for what you want to build, make sure that there are no problems with soil and researching the geographic area to give you statistics on what you can expect to profit on your project.

There are alot of private lender hedgefunds bear sterns etc that have invested over the last 13 years or so in sub prime and thet dont plan on loseing as far as the banks bailing people out i just dont beleve it thats a smoke screen to make the look sincere what they do is take there down payment and home and get the next guy in and take theres to if they dont man up and pay for it its not something for nothing in this but anymore you almost have to have a degree in economics to understand it confusion is there trick of the trade every business has them theres no crystal ball that says you will have your business/job/same income for the next 30years there finacials change and credit only the strong servive there is psychology within life/money please dont get me wrong a mortgage can work for you if you understand the loan witch is 2 inches thick and only a 3 day recision period but statistics say that you will refi every 5- 10 years need a new car college tuition new born etc and many many other things happen funeral and you need to consolidate and back to 30 years again they have all or most of the angles figured out or at least the important ones what you like is your fault .

it's the big reason why most people fail.Find something WORKS and take some BOLD ACTIONThat's it

“The 168 apartment homes are rent ready at Port Royal at Spring Hill and we are seeing strong rental demand for the community,†Geddes said. “This is definitely a very rare opportunity during a downturn for investors to secure premier rental real estate in a rapidly growing and economically strong community.†For more information on the investment property opportunities at the community, including more statistical information, check out the website at www.rentportroyal.com or call 800-920-5351

Do you think it is a more statistical thing like the Insurance Industry where they have proven numbers... etc?

Do you have statistics or can you estimate what percent of your offers are accepted?

I agree, some are more risky than others based on statistics but in the end what's important is how you feel about it.

A necessity for a political junky like me.mediamatters (org); anthing that gets as much hate from the right wing press must be doing a great job. city-data (org); want to know any statistics about a city or zip code, this is your site.

The Bureau of Labor Statistics makes it easy to track month to month changes in total nonfarm employment growth in a given market, as well as growth in what they call the supersectors - 11 more or less industry specific categories.There's a lot more to consider, but simply looking at those two things will help you begin to sort markets out.I agree with avoiding RE agents for the most part; we've had much more success talking to good commercial brokers in town about what's going on.

:wink: Originally posted by "danoconnor":A 20+ unit for your first deal is a bold endeavor, for sure.