Finally, if you don't have money to trash the trailer, then you should sell the land with the trailer and be done with it.

It was a pretty solid meeting but the speaker got a little long winded and I'll admit I was slightly burned out by the time he was done, and pretty much bolted to the door when he finally wrapped it up.

Trying to pull fast sneaky deals as gurus put out are a great way to get you nailed acting like you have partners or someone else that must approve you contract or acting as if you can buy when you can't.

Hi everyone,After lurking through the forums and BP YouTube channel for the last couple weeks, I finally decided to join the community.  

I study music education but have always had real estate as a final goal in mind.

I have one deal under my belt in Bridgeport, CT which is a two family that is finally cash flowing after a little under a year.  

I finally found a property that is suitable to doing this type of development in sustainable living.

It's not as simple as saying "anything with a life greater than a year is capitalized" especially with the Final Tangible Property Regs. 

I prefer actually working the numbers backwards, as described here:https://www.biggerpockets.com/renewsblog/2010/03/1...Using this same formula:MPP = Sales Price – Fixed Costs – Desired Profit – Rehab CostsYou should be able to determine the value (MPP) for a tear-down.The Sales Price would be the final sales price of the new construction. 

I have been looking for the last year and finally put my first property under contract in Tampa Heights.