Hi Jack, there's a lot of old stock - I've traveled there and seen it myself, but word is out of Syracuse and it has shown up in various BP "lists" over the past 12 months as well.

That’s a huge milestone—welcome to the exciting world of real estate investing.

It's the equivalent of the guy with the expensive car and big house acting rich vs. the actual rich guy that lives in a modest house, drives an old truck, and buys his clothes at Costco.

Additional Info —Key Details:Location: Outside Santa Fe, NMProperty Size: 20 acres (valued at $80,000)Project: Two new STR unitsExisting Experience: Family has two fully-occupied LTRs nearby, generating $2,000/monthConstruction Approach: Self-contracted with licensed trades for electrical/plumbingCost Assumption: $80,000 per unit, plus ~20% for inflation (based on 5–8-year-old build costs)Financing: Using land equity as down payment on construction loan (expecting closing costs to be major expense)Request: Looking for feedback, potential pitfalls, and general guidance

The best deal in the world can get screwed up by poor management.

Hi Luis,Welcome to the world of real estate investing!

I realize this post is a bit old, but wondering if we could connect further?

If you’re heavily involved in the wholesaling world, this may be easy.

CommissionerYou really need to see how this operates in the real world, and with a Tax Court Judge looking at all the facts & circumstances.  

Small world.