Plus you still have to actually underwrite the entire deal (purchase, construction, carry, etc to develop accurate CF/profit).

A mentor to partner and begin developing with him.I haven't seen any good coaching program around here.

Approximately 30% of this area is made up of vacant lots, creating a prime opportunity for real estate development.Griffin Modern is taking full advantage of this landscape, acquiring lots for under $10k and developing homes targeted at young, first-time buyers as well as investors.

You'd be better off building a solid emergency fund and developing relationships with reliable local GCs.

What kind of funding can I acquire to develop this property?

With no RE background and a full time job I was still able to create the right entity I needed, develop a powerful tax strategy, found a partner to invest with, and about to close on a rehab where we will both make $25k+.

I want to scale, but not sure how to develop my strategy.I have a $200k HELOC and excellent credit worthiness and high income from my day job.

Always approach as a developer with a specific usage.

Developing a strong network of individuals who care about bettering themselves, their family, their communities and especially helping out anyone who wants to make more of themselves.

The rent-to-price ratios here make cash flow realistic, and there’s a lot of revitalization happening that adds appreciation potential.Detroit’s population is officially growing again, and there’s strong rental demand, especially in neighborhoods seeing more development.