They think we are a bunch of low balling fools that waist everyone's time.I would suggest talking to some local investors and find out who the investor freindly agents are and seek them out instead of going for a particular franchise.

@Bryan L. and @Dell Schlabach I agree most people should be able to read a book and pull the good and leave the bad behind.

I'm not sure sub dividing and selling the home separate would work in this situation, my understanding is that the home must have land attached to the road so it would not be land locked.

You may have cause to sue Donald Trump or Warren Buffett knowing they are worth billions, but you'll never get anything because of the dynasty and land trusts and other legal vehicles used to protect those vehicles, of which they are merely the sometimes-beneficiary.

You can build a new home/duplex and be in under 80/85% of MV, even more if you buy the land and materials right and have a crew.Don't get sucked up in the investor mentality of making money at closing out of your idea of what a good deal it is.

Here the land is worth more so small houses get scraped rather than additions.

I have many years in land development, municipal, hydraulic and dams and reservoirs.

My mentor / business partner who is showing me the ropes in RE is starting his own property management business after being in the real estate game for 13 years.He is offering me a job in said property management business as an on-call maintenance person, and also said he can pay me to do yellow letters for him (I currently send out a lot of them for my own investing purposes).He said he can either pay me for each letter, or a 10-15% commission on income from any leads I generate (so if I land him a property that he makes $150/mo on, I would make $15-$22.50/mo on each property. 20 properties = $300-$450 / mo total).Either way, he will pay for all the material and postage- so I'll just be taking care of the rest (printing, packing, sending).

You're thinking about great things but you need to just get started first and experience land lording, cash flow, maintenance and the other challenges that come.

We've got some financial stuff to get in order before getting the ball rolling.