The idea here is to buy the land, farm it in a cashflow positive manner for some number of years while density increases and eventually sell or develop ourselves. 

I mean I guess if a lender has no idea what they are doing you could but I would sure not plan on it. 

Interesting idea that I had not thought of.

Hello all you amazing people,In the process of trying to use creative financing I continuously run into the situation of realtors not believing that Subject To and Seller Financing are legal.Any ideas where I might be able to find legal proof that these are allowed in KY?

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

I like your idea!

Then you should have a pretty clear cut idea of what the 1031 will save you.

He did give me an idea of how the area has progressed over the years in which he did say it has been slow and somewhat steady progression when it comes to improving the neighborhood.

I will need a little more information so I can get a better idea what would work for you here in Detroit .

I was meaning to reach out to the seller and find out if they’d entertain the idea of seller financing or subject to.