This deal came from a VA we had cold calling a list of vacant lots that had liens on them.

@Nick Gerli the Austin MSA has an extremely low housing inventory at present so increased permits would be a relief for many buyers who are competing for available inventory.  

You would also not have to pay capital gains doing this, so it could be much easier with potential timing, as well as allow you to borrow at the extremely low rates now. 

There are so many questions answered here...an extremely valuable resource!

Seller was extremely motivated.

You can purchase lists with different motivations like absentee owners, 60-90-120 days late on mortgage, pre-foreclosure, delinquent taxes, water cutoff, code violation, evictions, probate, divorce, etc. and mail or cold call. 

OK, not seeing this as the end of the world, but there are some troubling things (based on what I see in Portland and watching news):1) No inventory means in PDX people are reaching beyond FMV on housing and abetted by cheap loans2) Debt service issues - I'll take the extreme, look at retail in NYC, there's lots of space empty at $80/SqFt.  

Its extremely helpful and I appreciate you taking the time to respond.

I recently started using a VA in the Philippines to make calls. My US team has used Mojo and CallRail successfully for years. I ran into problems internationally trying to find a way for my VA's to connect to Mojo wit...

And extremely unlikely your going to tie up multi million dollar land deals if you do not have POF and some serious deposit money .