Then you could determine how far you want to go with the project vs your capital vs partnering with someone to help make the vision viable. 

I have worked on many of these projects in my appraisal career and am working on getting my start in the land development arena as well.

But I was never able to get them cash flowing as projected (by the broker), in part because rents continued to fall as newer (and better) competing rooms opened nearby. 

There are definitely ’barren’ areas of center compared to NYC like Market East but there are slews of huge projects underway throughout the city. 

Account Closed this is an interesting project by a reputable developer.

Make sure to have some extra cash for your project so you can keep the rehab moving along.

Newark has experienced revitalization in recent years with ongoing development projects and a growing cultural scene.

Often the developers will raise LP capital to fund the project and the developer will share in the profits (i.e., 80% LP and 20% GP).

Hello, what are some recommendations for a CRM to manage fix and flip projects?

@Nate P.Your profile hints that you are living abroad.If you are a US citizen - you want to make sure that the CPA you work with understands the foreign earned income exclusion(FEIE).If you purchase a property and are expecting valuable feedback on how that property will impact your tax return, you will need to provide a rough profit and loss projection(rental income and expenses) along with purchase price to have a conversation with your accountant so that they can provide you good feedback.