Based on what Nathan Gesners relative is selling their 23 acres for  1 mil an acre we have about 100 to 120 million dollar prop once brought in. we have been approached by the big boys we got an offer last year of 20 mil and turned it down LOL  .. my partners are all younger than me and bought their options in their Roth IRAs  its a pretty cool long term play with some risk of course.. but oh such upside for them..

Please don't hesitate to get in touch if you need help along the road or have any more queries.Good luck!

Also, based on the need for capital, will you be operating the deal based on your experience?

You earn appreciation based on the market value of the property, not your equity.

@Bryan Nwokem since I don't know nothing about real estate since I'm also new the fact that you said this is a new build and based on the rent I would just go $1,700 a month that would be me if I was in that position but then again I don't know numbers.

Here's a snippet from our starter course on becoming a Local Real Estate Developer and it will help you understand where the value comes into a development project to see how to weight the equity and deal terms based on the experience of the partners in the deal. 

@Matthew Paul you are right, this wasn't a home run deal, just a base hit, you can't expect to have a huge profit when it's just a light rehab.

So there’s a good chance aluminum still in use today is pretty old by now, and electrical systems don’t improve much with age like wine and women do (my opinion on the latter but fact-based for electrical wires and wine).

Since pricing is always based on supply and demand, when you find a house that is priced “ridiculously low” it’s because people don’t actually want to live there.

Quote from @Nicholas Cavato: Hello everybody,I am a new real estate investor based out of Tucson, Arizona but will be moving back to the Midwest (Cleveland, Ohio) late 2024.