Syndications are a very different business structure which is not feasible or cost effective until you get up around 50+ units, and a very different skill set compared to being a landlord.

What we did is supply all the information regarding the purchase and feasibility of the project, build budget, legal fees, etc.

And if they were willing to do that, they would go and buy at the auction themselves.It just doesn't seem feasible and maybe Memphis is different but in most populated counties, properties are selling at auction at very high values.

Option 2: Probably not feasible (I doubt you have over 100k in cash to bring to the table)Option 3: A great suggestion if that fits your situation.Option 4: Over 50% of loan mods do not go through and over 50% of the ones that do end up in foreclosure anyways.Short sale is your best option, but keep in mind they are a nightmare.

I've never thought about this before, but I could feasibly purchase it, and if I can get half my investment back, I would gladly do so. plus earn interest off the bat.Thoughts?

Thats why I wanted more details and if it is feasible ?

Mind-boggling.My contractor then went to the city to see how feasible a demolition would be.

Wholesaling land deals is pretty tough, since there isn't that much margin usually, and plus the timeframes (feasibility period and period after that to close) are so tight, thus it is a crazy footrace to try to find a buyer while the clock is ticking on your escrow period.

“ It's definitely feasible in the bay area market.

If looking to expand AND another acquisition at a good price is feasible, my general stress test is1.