I have the option to buy a 1,300-sqft 3-bed, 1.5-bath house in South End neighborhood of Stamford, CT, from a family member before it goes on the market.

We are considering building and holding townhomes but need to determine the costs.  

It was the worst house in the best location. 5 acres just above a lake outside of a desired town.

Buy a lot and build a house for sale in 2026.

The new buyer puts down 10% as the option fee, ($50,000 fee to our buyer) in this case, and we make the rate 10% to the new buyer for the monthly payment. 

It's sometimes a little tougher to get one on an investment property vs. a primary residence but If you can get it I would strongly recommend looking into it. 

Turnkey or close to turnkey would be nice, but willing to consider a fixer upper for the right opportunity. 

New Jersey taxes are going up, but at the second slowest pace in the past year according to NAR.

To me at my current knowledge level, this deal only works if taking over the loan - to limit the out of pocket money to acquire the property since the outside reno and new septic would take up the bulk of rehab costs. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.