You will also have to address the probability of having to re-parcel the property since the Cottage will not be a part of the HOA and new construction property.What is the current Zoning for this lot?

As a food for thought, if you personally are not qualified for a loan, perhaps you can ask your parents to sign off on it with you.

There are two parcels in S Beach, Michigan ave.....a failed hotel development with foundations in the ground and easy to spot, the gov’t seized some illegal Venezuelan funds....a bunch of legal/ownership issues to deal with.

Lastly, you need to find out if the owner has a certificate of occupancy and if so what is the maximum number of lots allowed on that property given the square footage of the parcel(s).

Real estate gives me the feeling that I am in control of my own destiny, and I don't have to rely on others to bring food to my table.When I feel discouraged:I reread Rich Dad Poor Dad and read success stories here on BP.Please share your own "why's" and what you do to stay motivated!

We assembled 9 parcels that were owned by a total of owners.

I actually figured out that you can take the parcel ID and find the address through the county tax office.My plan is to rehab and rent or flip depending on the market.

To get 80% of local price fluctuation you have to add at least next quantitative variables:- real estate taxes appreciation rate,- purchasing power (money left after immediate needs - taxes, insurances, food etc)- net/reverse migratory stream,- CPI,- construction of new homesNot to mention subjective variables:- confidence (will i have enough money to pay the mortgage tomorrow?)

We did not make any provisions for him to earn income during the flip, so he had to work a few other jobs to keep food on his table, so the project took FAR longer than it should have.

We did not make any provisions for him to earn income during the flip, so he had to work a few other jobs to keep food on his table, so the project took FAR longer than it should have.