Any land agents local to Rockport, Indiana here? A couple of my investors are looking to invest in this particular market and just looking to get an idea of the average price per acre for large rural farmland properti...

At most, while getting approved for the next loan, underwriters might ask you a series of additional questions as to why you're moving especially if the new unit is relatively the same size, area, value. 

If property values go down that money you just paid in is disappearing!

You may need to find an insurance agent that can provide a commercial policy.

I would do it for the tax write offs, as well as another positive for the resale value. 

Here are the variables you'll need:ARV (After Repair Value)Estimated Repairs (add a 10% contingency)Estimated RentPurchase PriceEstimated PITI (Principal, Interest, Taxes, and Insurance) on the refinance sideIf you know these values and ensure that your all-in cost (purchase price plus repairs) is 75% or less of the ARV, and that your rent will cover PITI + vacancy + maintenance + property management, then it's a deal worth pursuing.The BRRRR model is a fantastic way to build a portfolio and is still very feasible—even in 2024.If you're interested in more info, feel free to shoot me a DM—we can connect, and I'd be happy to assist you.

I feel the Bowie/Upper Marlboro area offer great value for flipping and/or rentals because the costs are lower yet you can sell to the DC buyer.  

If you look at the report, this deal has such a low CoC return due to a high amount of expenses. 

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

New constructions in the neighborhood are selling for a significant amount above construction costs (double or more the market value of the land).