Develops or redevelops it.Constructs or reconstructs it.Acquires it.Converts it.Rents or leases it.Operates or manages it.Brokers it.Keep in mind, the RE pro text must be met for EACH property, unless you elect to aggregate them all as one activity.

I'd be interested in your thoughts about this: -Listing price $125k (comps show past solds are between $100k - $115k) -2 units: each unit 3 bed/3 bath ($800 + $850: total rent is $1650/month) Both tenants want to stay-Taxes are between $1750-$1800/year-Home Insurance: getting quotes between $1100/yr - $2000/yr-Good school area: Great schools show elementary/middle/high are between 7-9-in HOA: HOA fees are $40/month - go towards a community pool- property built in 2010- property management at 10% (I debated managing myself but am 1 hour away) -tenants pay all utilities-was part of a huge development that didn't get all developed, there are lots of vacant lots between propertiesMy goal is to get at least $500/month in net cash flow after all expenses are paid at and least 15% cash on cash return. 

Hello All, Can someone please recommend a bank that they worked with that can finance new construction development for single family homes on subdivided lots. 

My wife is a RE Agent and a new build in a different part of town in Dell Valle development (master planned community) has caught our eye.

There is a lack of land to develop new homes which create scarcity. 

You don't wan to be out there spinning your wheels for no reason.As an investor, and investor's agent myself, I've found my biggest value add is being able to develop a fairly accurate scope of work for the investor when walking a property before having contractors out. 

Not only that but you are far less likely to face community protests, hard zoning regulations, and ridiculous fees and taxes that make developing affordable housing in many cities too expensive.  

If you use Rent Manager, Paylease also has a meter reading service that integrates into your Rent Manager software.

Luckily, my amazing wife is completely on board with this and we've put a plan together to save as much as possible in the upcoming months to hopefully be able to close on our first investment property by the fall (if not sooner).While we are saving I would love to start connecting with people to develop my team, and I'm hoping you guys can help.  

Somebody wanted to buy the property and develop it and had his attorney do a preliminary title search.