Depends on how you represent the deal in getting the distressed or depressed sale price, yes, you could break laws and yes you could act unethical, but you don't have to do those things.Wealth Intelligence Academy, (LOL, who thought of that one?)

Usually as long as you keep the use the same, i.e. keep it a multifamily, you are able to keep the protections of the preexisting use (please check with local laws/ordinances as I am not a lawyer).

Everyone is blaming the new laws that went into effect in early Jan.

The Bank that owns the note says they are not allowed by law to speak to anyone except those owners.

I can get details from my brother in law, but if I remember correct if you live for a number of years you get about 60k in free money...

I am just unfamiliar with financing laws...Thanks,Michael

Just my two cents since I know nothing about Nevada real estate and brokerage law, but it sounds like your plan involves coming dangerously close to acting as an unlicensed broker.

The local laws could be such that you have to spend a ridiculous amount of time getting the project approved and built.

Lonergan Law Firm, PLLC First Western Title Company

The new laws concerning these deals are now 21 days old, everyone is learning!