What made you interested in investing in this type of deal?

Hello, I am looking to buy a development lot in The Bronx with a max dollar amount of $600k.

Depends on the class of property. 

One of the closets has this hideuos foam column. 

What made you interested in investing in this type of deal?

Hi all,I'm sure some have heard of the properties being built by Clifton Homes:Location: 9440 N Adrian AveThey are a fully vertically integrated operation (prop mgmt, construction, and financing).This is their deal:Cash in:  $50K6-8 months later:One time refinance to put a long term mortgage on it at or around 75% which gets your $50k back + 16%.

Tenants that ask for these types of things are typically entitled and will take further advantage in the future if you do not curb this behavior.

@Tyler BurrisWelcome to the community and be ready for a huge amount of information at your finger tips.

It's a messy niche, working with some investors buying duplexes, some buying portfolios of duplexes, and others looking for small MF 12-24 units.

There are too many variables to get any kind of meaningful prediction.