He asked if I was still interested and I said sure.We agreed on a price and terms on the phone and I went to his house, wrote up a land sales contract with 2k down and closed it right there at his house.

I also had to get out my crystal ball and wonder what the interest rates might be 10 years from now.

I couldn't decide where this was best posted :) But since I'm the prez of my HOA and it's an issue for our HOA, i'll start here.There's a plot of land in front of our townhome complex.

If the end buyer is all cash, it gets a lot easier as you can avoid transactional funding and two closings via a land trust or entity formation.

Taxes are $9,000 based on county appraiser's office (if it matters the county appraiser lists the property at $340,000 -- with land being $175,000 of that number).The area is a great area.

Do the 3rd party negotiating companies have contacts at the bank that they've closed plenty of deals with which helps them get a better approval rather than the file just "going through the system" and landing on a random lender negotiator's desk?

I also own some vacant land in New Mexico that is currently unemployed :-).

Should I use a land trust to hold the property so the mortgage company doesn't notice the change in ownership.

Your about an hour away from some great land deals.

No offense, but it's kinda like a nurse saying they want to do surgery.Your rehab skills will be of little help in the beginning, until boards are being cut and the development by that time is phasing out.Where do you begin, do you have land or you want to find that?