Many investors use wholesalers or real estate agents who specialize in investment properties, or they directly target owners with distressed properties.5.

The foundation was already approved, permitted and finaled years ago for a 3400 sf house, and its solid and I won't be building directly on the overhang edge; but rather back away from the edge a few feet to prevent any load issues all the weight will be on the longer sides of the existing footing.

If you need further help, DM me, and I’ll point you in the right direction!

When I discover I can't build a house on it, I usually move on to the next deal without thinking about an alternative use but I like your creativity and will start thinking about alternative uses!

I am thankful that steps in the right direction are being taken. 

If budget is an issue, this is likely a more economical and creative way of going about getting into multi family. 

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $330,000

I bought this property 100% seller financed. It is two mobile home parks consisting of about 24 units.

I agree that Tampa is not the worst (yet) but I believe we are trending in that direction.

While sophistication of your equity partners (private money lenders) will vary between residential and commercial, the principle of raising private capital is the same.You need to develop your own system which allows a constant stream of PML even when you don't need the funds and/or don't have an active deal under contract.For example; I raise private capital by offering free educational workshops for people with self-directed IRAs.

The times we’re re investing in just require a more creative and strategic approach than before.Disclaimer: My original post was removed by the moderation team.