Our market is stable with strong job growth from major employers moving and developing here like Meta, Intel, Amazon, etc.

Oh also number one skill to develop regardless of the route you take is being able to identify and get in contact with motivated sellers.

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

Areas with new businesses or developing infrastructure often show good potential for flips.Next, building a solid local network is key.

As a builder and developer in Chicago, I've been on both sides of the 'GC equation' - working with GCs and being the GC ourselves.

Quote from @Steve Lehman: @William VreelandAs a local Indy Investor and RE consultant I have been flowing the IHA development closely to see what kind of developments have been happening.

Yes we were successful winning bidding wars 3 months ago using the family postcard technique;) Basically, we added a cute picture of our family along with our offers (which were based on conventional financing) and our “humanity” made us win over the cash offers.

MF with many garages to convert to ADUs, parcel splits, full on development, coop/tic with the resources to handle financing challenges, etc.To raise money in this market as a newby will also be challenging unless you can get it from friends and family.

That takes a little time to develop those resources - but they naturally come with experience.

Is anyone else developing in this space?