Maybe you might find an all night disco has opened directly across the street?

Rich in Georgia we call them pipe farms.You have some that are raw land but most are projects where the developer went bust and couldn't sell any lots to builders.Right now except for some small areas of Georgia you can still buy a 2 to 3 year old brand new construction home that was foreclosed for less than replacement cost.This means even if a bank gave a builder the lot for free and the builder put a house on it they couldn't sell it to break even going against 2 yo 3 year old REO's.Another issue is some of the subdivisions say have 200 lots.100 were sold at the height of the market.100 were leftover with pipes and streets in with lights and nothing else.The 100 that were bought many are just holding hoping for a recovery.The rest are doing loan mods,short sales,or going into foreclosure,or builder is desperate to dump the last few homes they have.At the height of the market they sold for 250,000 and now they are 160,000.If I buy a lot to build on or for investment there is high property taxes and HOA fees even on the empty lot to carry.If the lot and HOA comes to 200 a month that is 2,400 a year I am carrying.If I am not building a house to sell the lot has to go up in value by that much every year just to break even and then lose money when I sell.Another issue is say 4 bed 2 bath homes were built in the front half and now a builder wants to put ranch single story homes in there at a lower value to sell in this market.We had a recent lawsuit in my county over just this matter.The community sued the builder as the ranch homes they had plans for would not conform to the original master plan.The homeowners said we would rather have empty lots than allow non-conforming homes to be put up that would affect the values of our subdivision.The developers say we need to build for what the demand is today but the county,city,and community say we understand you need to make money but not at the expense of our long term master plan vision.So many times they cannot come to an agreement.I can get you lots with pipes for 1,000 a piece.It's great if you hold long term but the current inventory has to be worked through in my area before people build again in mass.There are still custom builders for plots of land etc that are one offs.So I haven't bought any lots for the reasons stated.

RENO will be needed... but every street has multiple homes being renovated... anything within a mile or two of Hamilton Ave.

You can literally have a solid, fully occupied neighborhood just two blocks away from a street that's more or less a ghost town.You should absolutely come visit the city first.

I think of this one street i had about 6 houses on Greenwood in sojack one burns then things change now you drive down it and no one wants to live on that street at all..

When you are intentionally driving for dollars what tools do you use to track where to drive and where you have already driven.I have been using Google maps print outs and drawing on the to indicate what streets I have already driven.

The only viable solution is to either pay landlords a reasonable amount for their lost rent or just let people get put out on the streets. 

The best streets are Warren, Washington, Fulton, Fransisco and California. 

Hey all,I'm looking into purchasing a 2 bedroom luxury, new-construction condo in West New York near 60th street.

It is correct that for optimal protection you will have trust embedded in the Series LLC, the structure looks like this (for lack of having a chart available at the moment here we go: ​Series LLC (parent LLC)  Agent Trust (anonymity)Child Series A >>>123 Main Street Trust >>> Property: 123 Main StreetChild Series B>>> 456 Main Street Trust >>> Property: 456 Main StreetChild Series C >>>789 Main Street Trust >>> Property: 789 Main Street..........