In the end, our broker gets a sale, the City of Houston adds another property to its "Demolition Day" quota, and a developer gets away with a steal of a deal.

I am a software developer.

(even in this market)...97-100% LTC for Multifamily developments....Does anybody have any experience with them EVER closing a loan or even knowing of anybody Lending 97% through debt, mezz and equity???

Should I worry about developing an extensive buyers list right away or should I just go find some deals and build my list that way.

Most people aren’t natural public speakers; if this identifies you, don’t despair.

This is a condo development in trouble for sure!!

Involved in 4 smaller developments and many rental properties.

Yes, if you want to bird dog, go ahead and contact them and find out their parameters for investing, then find some properties and make some money by identifying motivated sellers via bandit signs or whatever marketing you prefer.

Is it enough to think about knocking down the house and subdividing into building lots for a developer?

It is just for online connecting, but if there was interest could develop into face-2-face.