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12 February 2025 | 8 replies
Out of these areas, Franklinton and Linden are seeing some of the most developments.
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11 February 2025 | 0 replies
To me it seems way less intimidating to think about becoming a real estate developer in those communities rather than LA, SF, Miami, NYC, etc.
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18 February 2025 | 4 replies
This bodes well for long-term equity growth.Rising Rents: The uptick in rental prices shows a strong demand for rental properties and could lead to better cash flow for investors.Economic Strength: Reading has a diverse economy, with key sectors like manufacturing, healthcare, and education providing stability.Rental Demand: Low vacancy rates signal that people are actively renting in the area, which is essential for scalability.Future Development: Any upcoming infrastructure projects or new businesses could further boost the market.With these positive trends, it seems like Reading could be a scalable rental market.
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11 February 2025 | 5 replies
Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont?
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13 February 2025 | 16 replies
However, weighing your options and performing due diligence carefully based on your specific circumstances, the property's potential, and your long-term goals.
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17 February 2025 | 4 replies
How do I find out what area/lands development companies will want to purchase in the future?
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16 February 2025 | 2 replies
Agricultural land and property suitable for residential development seem like safe options to me.
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7 February 2025 | 0 replies
For real estate professionals and developers!
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29 January 2025 | 31 replies
I got caught and lost my money and more and more people are also reporting similar circumstances.
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13 February 2025 | 2 replies
we are working on a subdivision development and entitlement in columbus you could help out on