I think development is getting more and more common since we're so undersupplied in housing. 

. - property had TDR trasnferable development rights and can be built 5 stories on it.

You need to pay attention to things like rental demand, upcoming developments, and overall area growth potential.

First off- $4.5M for 48 units and 50% are vacant is not a steal, unless this property is located in a downtown area and you have a contact with a developer who will pay 2X to build a high rise. $93k/unit for 50% vacancy doesn't carry hardly any debt, hence why they are capping you at $500k.

I specialize in building and flipping properties, focusing on transforming houses into beautiful, functional spaces that create value for buyers and investors alike.With several years of experience in real estate, I’ve developed a strong foundation in market analysis, design, and project management.

Develop YOU'RE strategy. 

Probably the most common mistakes made in the development business by non builder property owners.

I too got caught up with a very Rich Taiwanese investor and a RE developer in the states..

Hello Jadan, iam new to this platform, but i know a developer who will give yo a 25% return in nine months.

PadSplit has developed a platform that aligns incentives among residents, property owners, and communities to make affordable housing possible for the private market.