While I invest in multi families I have developed a certain style of 2 family or even mother daughter single family that I find works really well...I Strongly prefer the 2 family that has a bigger apt on first fl.

How will the collateral be secured in the event of default and under what circumstances.

Im extremely proud of the work we did on this home, it came out absolutely beautiful and i would like to share my experiences with any curious newer developers and/or investors.I just bought another home (smaller) which i am renovating now, i plan on keeping it as a rental for retirement...

Most of the novelty candies (like Spongebob candy or anything related to a cartoon) come from China and should not be eaten under any circumstances.

You may not like the answer, but keep your job until you have built the business (wholesaling or the window tint business) up and going and showing two year worth of enough income you can qualify for a loan.Your right that if you quit your job and start working at the window tint business, you will have problems finding a loan when you go to buy your next house, that income is necessary for you to develop your real estate business,,,later when it built up, say goodbye to car sales and hello to real estate,,but don't get rid of the full time job if you need it to qualify for a loan

With the personal relationship you've developed, she/he often would give you a more honest advice.

I can buy, fix and sale but understand that I do much better when I can focus on my strengths while developing my weaknesses at my own pace.On my last deal I happen to find the ideal partner.

I'm getting $1,300 for a 1/1 in a class B development

Jonathan look up the taxes and divide by 12 to get monthly tax costs.Look for the HOA docs to see if there is an assessment and how much.Usually if you find a listing on MLS in that subdivision there will be some houses and it will list association dues monthly or yearly.For instance if taxes are 1,000 and HOA 1,500 then you have about 208.33 a month in costs.If you buy for 4,000 and hold for 2 years you have to get at least 9,000 in 2 years time to break even and even more with closing costs etc.That money will be dead not generating a return for you.You also need to know the soil sample and build ability of the lot.This will be a factor from who buys from you if they want to build a house.On the MLS you can see what developed lots are selling for.Is this lot developed and cleared with pipes sticking out of the ground or does it still have all the trees and uncleared and ungraded in it's natural state??

Simply, how do development costs get added to land values so a bank honors that cost my down payment amount of 20% loan to value?