I would also share pros and cons of paying taxes on the windfall versus owner carry.

Then let's set up a call to discuss your options and figure out a strategy for Home 2.Jeff

If your comps were sold by a real estate agent and you are using them to justify your price, that is like trying to sell your car at a car salesman's price instead of an owner's price.In any case, if you need to lower the price, make sure that the price drop is a decent amount versus a "drop in the bucket."

Hey Sarah, if the seller has an agent, it’s best to go through them first since they’ll likely get involved anyway.For a property that’s been sitting on the market, approach with strategy.

They can also be more forgiving on condos (warrantable versus non) at times.

This is not a great return, but not terrible.As others noted, there are other risks, like having the property insured at full replacement or purchase price, or if the option is 100% seller financing with no money down or very little, versus 20% traditional down payment, this can start to move it into a better investment.

With this strategy, we knew exactly how each house was operating and we could intervene or change leadership of the house if necessary to assure operations were going as we expected. 

I was wondering if there were any builders who have any good strategies on where to buy land when you're looking for spec homes.

Hi @Jerry Nogueras that depends on your goals and how open minded you are to different strategies. 

Are you adjusting your strategy as rents decline?