25 July 2024 | 5 replies
Hi all,I recently posted about this topic and unfortunately did not receive any responses.I have recently established my land acquisition business with the goal to purchase parcels of land, either within data center opportunity zones or areas with the potential to allow for data center development, rezone the property with submitted plans, then sell to developers ‘shovel-ready’ within the various jurisdictions of the Commonwealth of Virginia.I understand there are multiple mechanisms that come into play including obtaining financing (partnering with an experienced investor), utilizing land-use attorneys, land surveying and engineering firms, appraisers, as well as approval from local planning commissions, board of supervisors, etc.Would there be any investors who are currently active in this niche?

25 July 2024 | 14 replies
I have been doing TurboTax for last 20 years and some of my real estate i purchased were in 2009(condo) and 2013(townhome) timeframe

25 July 2024 | 12 replies
Will you purchase it in your personal name?

26 July 2024 | 10 replies
This approach helps ensure that buyers have a clear understanding of what they are purchasing, reducing the likelihood of surprises and issues later in the process.Of course, this is market location and cycle dependant.

25 July 2024 | 24 replies
If I were the seller I’d return your deposit on two grounds: first, you breached the purchase agreement by not performing, and; second you seem like a flake.

25 July 2024 | 10 replies
- Purchased a 1960's vintage building, 18 units, in 2017 for $1.5M- In a major urban city in the northeast- Put $400K down and have paid down $100K in loan (so the balance is $1M)- Purchased it to supplement my 9 - 5 and use it as a resource of income to retire (15 20 years from now)- It's comprised of studios, 1 bedrooms and 2 bedrooms.

25 July 2024 | 0 replies
Purchase price: $175,000 Cash invested: $750,000 Sale price: $1,450,000 This is a current transaction that I'm working on.

25 July 2024 | 14 replies
They'd be making payments to me toward the purchase price -- let's say $250/mo for 5 years, then a lump sum.
25 July 2024 | 8 replies
The loan often has two components: (1) purchase and (2) renovation where the latter is usually funded through reimbursement.As an FYI, lenders usually require the property be non-owner occupied.

25 July 2024 | 33 replies
The term syndication often is used in a multifamily/commercial or other real estate transaction, where a property is being purchased and the GP needs to raise capital (equity, often) to purchase the asset.